AUDUSD is moving towards a resistance line 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 AUDUSD continues in its current trajectory, we could see it reach 0.6530 within the next 19 hours.
Target: 0.653 Entry: 0.6471 Stop: 0.6443
Approaching Support level of 409.83 identified at 11/7 18:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 409.83 within the next 2
The last 15 4 hour candles on NZDUSD formed a Pennant pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 0.5628.
EURUSD is approaching a resistance line at 1.1696. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around