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
Big movement possible on AUD/USD after a breach of 0.6674
The breakout of AUD/USD through the 0.6674 price line is a breach of an important psychological price that…
NZD/USD experienced a very large 17 days bullish move to 0.61289
NZD/USD has moved higher by 4.28% from 0.58776 to 0.61289 in the last 17 days.
USD/CHF is approaching 0.9089. We expect either a breakout through this line, or a rebound.
USD/CHF is moving towards a resistance line. Because we have seen it retrace from this level in the…