AUD/USD has broken through a support line of a Triangle and suggests a possible movement to 0.7125 within the next 3 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 12 days.
Related Posts
Interesting opportunity on AUDUSD after breaking 0.6661789552238805
This trade setup on AUDUSD is formed by a period of consolidation; a period in which the price…
After testing 0.7961 numerous times, USDCHF has finally broken through. Can we expect a bearish trend to follow?
USDCHF has broken through a support line. It has touched this line numerous times in the last 6…
Because CHFJPY formed a Triangle pattern, we expect it to touch the support line. If it breaks through support it may move much lower
CHFJPY is heading towards the support line of a Triangle and could reach this point within the next…