forextamil

AUDUSD: Wedge widening the Resistance levels.

FX:AUDUSD   Australian Dollar / U.S. Dollar
The last U-turn of AUDUSD from 0.6865/60 is not only a horizontal line about 0.6965 but a long five-week descending resistance line about.6975 more likely to please buyers than one horizontal line. In cases where bulls refrain from 0.6975 their favorites could be 0.7000 and 0.7050/55 in advance of the 0.7100, 0.7140 and 0.7205 successive numbers northward.

Downside, the pair's adjacent drops may be limited to 0.6930 and the immediate upward slanting trend line to 0.6905 before dragging the pair to 0.6865/60. With the dominance of bears below 0.6860, market attention could be increased in 2016, which was low nearly 0.6830.

Hit like, comment and follow for more updates.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out