The FX:AUDUSD is currently trending within an upward channel and has recently hit a significant support level highlighted in green. If a successful turnaround is validated, we anticipate a potential move towards the resistance range of 0.6596-0.6624.
AUDCAD is moving in an ascending channel and it reached and broke the higher low. A successful retest has been confirmed with a big momentum H4 candle.
EURGBP broke out of our descending channel creating a higher high above the channel forming a change in our trend direction. EURGBP came back then to retest our channel at a support zone.
Buy EURGBP between 0.8604 and 0.8661
TP: 0.8960
SL: 0.8536
NB:USE PRM AND LETS SWING THIS ONE
ANALYSIS!
EURAUD has been moving in an ascending channel for 4 months since 15 June. Within that Major ascending channel, there is a minor descending channel. The Had broken out of the minor descending channel, created a fake break-in to retest a fairly strong support zone.
At the now support zone1.6546, The market formed a dragonfly dojo candlestick which is...