AUD/USD is moving towards the resistance line of a Falling Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If AUD/USD continues in its current trajectory, we can expect it to reach 0.6804 within the next 2 days.
Related Posts
USD/JPY hits 155.623 after a 5.82% move spanning 50 days
USD/JPY hits 155.623 after a 5.82% move spanning 50 days.
Breach of 0.6533 could mean a start of a bullish trend on AUD/USD
AUD/USD has broken through a resistance line. It has touched this line numerous times in the last 20…
We expect EURUSD to trend downwards for the next 2 hours.
Based on the last 12 BoJ Interest Rate Decision events in Japan, we could see EURUSD trend downwards…