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BTCAUD is quickly approaching the support line of a Channel Up. We expect either a breakout through this line or a rebound.

BTCAUD is heading towards the support line of a Channel Up. If this movement continues, we expect the price of BTCAUD to test 14586.7800 within the next 9 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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We expect a $68.13 movement on USDCAD within 2 hours following the event release at 02 Aug 01:30.

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We expect a $173.99 movement on USDCAD within the next 12 hours.

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