AUD/USD has broken through a resistance line. It has touched this line at least twice in the last 15 days. This breakout may indicate a potential move to 0.6606 within the next 4 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
AUDJPY – approaching a support line that has been previously tested at least twice in the past
AUDJPY is heading towards the support line of a Triangle. If this movement continues, the price of AUDJPY…
Supports and resistances are primary concepts of technical analysis. EURCAD is heading for an important price of 1.5001 – read about what this could mean for the future.
A strong resistance level has been identified at 1.5001 on the 1 hour EURCAD chart. EURCAD is likely…
Extreme movement experienced on EURJPY. Check this chart to see what to do next
EURJPY rose sharply for 23 days – which is an excessively big movement for this instrument; exceeding the…