AUD/USD has broken through a resistance line of a Triangle and suggests a possible movement to 0.6974 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 7 days.
Related Posts
AUDCAD is signaling a possible trend reversal on the intraday charts with price not breaching support.
AUDCAD is heading towards the resistance line of a Channel Down and could reach this point within the…
EURCAD heading towards a price it has tested 5 times in the recent past.
EURCAD is about to retest a key horizontal support level near 1.6072. It has tested this level 5…
After testing the resistance line numerous times, EURGBP is once again approaching this line. Can we expect a bullish trend to follow?
Emerging Flag pattern in its final wave was identified on the EURGBP Daily chart. After a strong bullish…