The price of AUD/USD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
We expect USDCAD to trend downwards right now.
Based on the last 12 Inflation Rate YoY Prel events in Germany, we could see a $320 movement…
After testing resistance twice in the past, GBP/USD has finally broken through. Can we expect a bullish trend to follow?
You would be well advised to confirm the breakout that has just occurred – do you believe the…
We expect AUDUSD to trend downwards for the next 48 hours.
We expect AUDUSD to trend downwards for the next 48 hours. Based on these past Japan Consumer Confidence…