AUDCAD is heading towards the support line of a Falling Wedge and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Related Posts
After testing 1.1162 numerous times, GBPCHF has finally broken through. Can we expect a bullish trend to follow?
The price of GBPCHF in heading in the direction of 1.1243. Despite the recent breakout through 1.1162 it…
After testing the support line numerous times, AUDJPY is once again approaching this line. Can we expect a bearish trend to follow?
AUDJPY is moving towards a support line. Because we have seen it retrace from this line before, we…
Big movement possible on GBPJPY after a breach of 194.0700
GBPJPY has broken through a resistance line. It has touched this line numerous times in the last 8…