AUDUSD is heading towards 0.6501 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Supported by Upward sloping Moving Average
Target: 0.6501 Entry: 0.6477 Stop: 0.6467
Approaching Support level of 1.7629 identified at 11/6 04:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.7629 within the next 1
Approaching Support level of 23.16 identified at 9/26 13:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 23.16 within the next 22
USDCHF is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 3 days. If it tests this line again, it should