FX:AUDUSD   Australian Dollar / U.S. Dollar
It looks like we are going to see some bullish momentum over the coming weeks for this pair, it seems like the price has touched the support level and lost most of its pushing momentum. This shows that the price is not looking strong enough to break through this critical support level , if this support level holds then this would mean the price is going to move up from here, as we have saw before I believe the price could make its way up to the previous high (black) around 0.809. There is also another possibility, there is a chance as a double top has formed in the channel that the price is going to test the neckline (red) and if it bounces we could see the price breakout the bottom of the channel. I would update this post once I have got more information to share about the future direction of this currency pair.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out