AUD/USD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 0.7028 may materialize within the next 5 days.
Related Posts
After testing 175.4530 numerous times, CHFJPY is once again approaching this price point. Can we expect a bullish trend to follow?
CHFJPY is moving towards a resistance line. Because we have seen it retrace from this level in the…
AUDNZD is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 2 days.
AUDNZD is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great…
A final push possible on USDCHF as it starts approaching a price line of 0.8915.
The price of USDCHF in heading back to the support area. It is possible that it will struggle…