AUD/USD has broken through a resistance line. It has touched this line numerous times in the last 20 hours. This breakout shows a potential move to 0.6551 within the next 5 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
EURAUD – It’s perhaps in these huge moves where the greatest opportunity lies
EURAUD experienced an extremely large move that lasted 2. This movement is in the 3.0 percentile and is…
GBPUSD is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
An emerging Falling Wedge has been detected on GBPUSD on the 1 hour chart. There is a possible…
EURCHF – approaching a price line that has been previously tested numerous times in the past
EURCHF is moving towards a key support level at 0.9517. This is a previously tested level for EURCHF.…