AUD/USD has broken through a line of 0.6937. If this breakout holds true, we expect the price of AUD/USD to test 0.6920 within the next 6 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.
Related Posts
AUD/USD – approaching a price line that has been previously tested numerous times in the past
AUD/USD is moving towards a resistance line. Because we have seen it retrace from this level in the…
USD/CHF hits 0.90566 after a 3.2% move spanning 21 days
USD/CHF rose sharply for 20 days – which is an excessively big movement for this instrument; exceeding the…
We expect USDCHF to trend upwards with a 75% chance.
Based on the last 12 Personal Income MoM events in United States, we could see USDCHF trend upwards…