AUD/USD is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of AUD/USD to test 0.6930 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
AUD/USD is moving towards the resistance line of a Channel Down. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 4 days and may test it again within […]
AUD/USD has broken through a line of 0.6769 and suggests a possible movement to 0.6813 within the next 22 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]
AUD/USD is approaching the resistance line of a Falling Wedge. It has touched this line numerous times in the last 20 hours. If it tests this line again, it should do so in the next 6 hours. Did you know that our social media feeds are updated only 3x per day, and don’t look at […]
AUD/USD has broken through a resistance line of a Triangle and suggests a possible movement to 0.6795 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]
By: Dima Chernovolov AUD/USD recently reversed up from the bottom of the 4-hour Down Channel chart pattern which was identified recently by Autochartist. Autochartist rates the quality of this Descending Down Channel at the 7-bar level – which reflects the sharp Initial Trend (10 bars), low Uniformity (2 bars) and strong Clarity (8 bars). AUD/USD […]
AUD/USD is approaching the support line of a Support. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 9 hours. Did you know that our social media feeds are updated only 3x per day, and don’t look at short […]
AUD/USD is heading towards the support line of a Falling Wedge. If this movement continues, we expect the price of AUD/USD to test 0.6757 within the next 14 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
By: Dima Chernovolov AUD/USD continues to fall inside the hourly Down Channel chart pattern which was identified previously by Autochartist. Autochartist rates the quality of this Down Channel at the 5-bar level – which reflects the slow Initial Trend (4 bars), below-average Uniformity (4 bars) and strong Clarity (8 bars). AUD/USD is expected to fall […]
AUD/USD is heading towards the resistance line of a Channel Down and could reach this point within the next 7 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
