AUD/USD has broken through a resistance line. It has touched this line at least twice in the last 6 days. This breakout may indicate a potential move to 0.6687 within the next 12 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
CHFJPY is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
The movement of CHFJPY towards the support line of a Channel Down is yet another test of the…
GBPCHF hits 1.10117 after a 3.21% move spanning 18 days
GBPCHF has moved higher by 3.21% from 1.066925 to 1.10117 in the last 18 days.
EURJPY has broken through a resistance line. It has touched this line numerous times in the last 26 days.
A strong resistance level has been breached at 162.8055 on the 4 hour EURJPY chart. Technical Analysis theory…