A Rising Wedge pattern was identified on NZDUSD at 0.57691, creating an expectation that it may move to the resistance line at 0.5786. It may break through that line and continue the bullish trend or it may reverse from that line.
Supported by Upward sloping Moving Average
Target: 0.5786 Entry: 0.5769 Stop: 0.5736
Broke through Support level of 0.5677 at 11/5 00:00. Possible bearish price movement forecast for the next 49 days towards 0.5462. Target: 0.571 Entry: Stop: 0.5642
The price of AUDUSD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The
Broke through Support level of 1.0693 at 10/10 21:00. Possible bearish price movement forecast for the next 2 days towards 1.0650. Target: 1.0735 Entry: Stop: 1.0679