Hey there,
We have a currently broken ascending channel on AUDUSD with a retest leading to a possible short position entry.
The pair for the most part has performed as a ascending channel should, on price reaching the upper resistance at 0.64433 it had to two goes at breaking the upper resistance and failed.
On reaching support and testing five times at 0.62811,...
chf/jpy bias is bearish and it has been for a very long time. Price has come up to resistance zone which has been respected three times in the past causing some nice moves to the downside.
Price is followed by xabcd pattern, rising wedge and broken ascending trendline.
