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 0.6783 within the next 20 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
USDCAD experienced a very large 2 days bullish move to 1.43323
Those of you that are trend followers are probably eagerly watching USDCAD to see if its latest 0.58%…
A possible move on EURUSD as it heads towards resistance
EURUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…
Could a large bullish move on AUDCAD be a sign of things to come?
AUDCAD hits 0.90781 after a 0.58% move spanning 11 hours.