AUD/USD has broken through a support line. It has touched this line at least twice in the last 3 days. This breakout may indicate a potential move to 0.6733 within the next 11 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
NZDUSD has formed 5 bullish candles successively, what is the probability of getting another bullish candle?
After posting 5 consecutive bullish candles in 6 days, you may start considering where NZDUSD is heading next,…
CHFJPY is quickly approaching the support line of a Descending Triangle. We expect either a breakout through this line or a rebound.
Emerging Descending Triangle pattern in its final wave was identified on the CHFJPY 1 hour chart. After a…
Supports and resistances are primary concepts of technical analysis. EURCAD is heading for an important price of 1.5825 – read about what this could mean for the future.
EURCAD is approaching a resistance line at 1.5825. If it hits the resistance line, it may break through…