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
EURJPY has broken through a resistance line. It has touched this line numerous times in the last 26 days.
A strong resistance level has been breached at 162.8055 on the 4 hour EURJPY chart. Technical Analysis theory…
Bulls aim for 0.9398 after the EURCHF triggered a bearish formation on the 1 hour chart
EURCHF has broken through a support line. It has touched this line at least twice in the last…
AUDJPY is currently testing a level of 91.4090. Will the breakout continue or will things reverse?
AUDJPY has breached the resistance line at 91.4090. It may continue the bullish trend towards 93.0515, or, it…