AUDCHF is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.5750...
AUDJPY is been on enormous bullish trend. Recently the pair formed bullish flag pattern and now break the pattern, Will the pair respect the pattern and continue to much higher?
Bullish Indications
1. Series of Higher Highs and Lows
2. Significance Support Area at Entry Point
3. AUD Index is Bullish
4. USD Index is Bearish/Sideways
5. Volumes are increasing as the price is in the range
Bearish Indications
1. Break 0.236 Fib level support
2. Recently Formed Double Top which is a reversal pattern
3. Break Trend line support
