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
After testing 1.6667 numerous times, EURAUD is once again approaching this price point. Can we expect a bullish trend to follow?
The price of EURAUD in heading back to the resistance area. It is possible that it will struggle…
USDCHF is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
USDCHF was identified at around 0.91537 having recently rebounded of the support on the 4 hour data interval.…
EURGBP – It’s perhaps in these huge moves where the greatest opportunity lies
EURGBP hits 0.842 after a 1.76% move spanning 18 days.