AUD/USD has broken through a support line of a Channel Up and suggests a possible movement to 0.6468 within the next 19 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.
Related Posts
EURAUD has broken through a support line. It has touched this line numerous times in the last 6 days.
EURAUD has broken through a support line. It has touched this line numerous times in the last 6…
USDJPY – breach of a trending support line that has been tested at least twice before.
USDJPY has broken through the support line which it has tested twice in the past. We have seen…
NZDUSD experienced a very large 34 days bearish move to 0.59631
Those of you that are trend followers are probably eagerly watching NZDUSD to see if its latest 6.02%…