It can be seen that the USDCAD is hitting the trend line. Let’s look at the daily chart.
In the daily chart, the upper trend line and the lower trend line are perfectly formed. So we can see that there is an upward channel. In this upward channel, the price has more to go to reach the 1.36500 resistance level. So we can expect that the price will continue to...
The price had rotated around the support level at the bottom. Then it moved up. Using that information, we can draw a trend line together with that movement. So then the price has gone up passing passing that below red line of support. After that, it reached the upper red line of resistance and got rejected.
Then the price moved again downward and exactly hit our...
The above is the 4 hour chart for EURUSD. We can clearly see that the price has broken the bottom support line. But the price has not established under that line. And also it is hitting the trend-line and getting rejected. So we can expect the price to go down a little and then go up.
AUDNZD is hitting the resistance and the trend line from bottom. So there is a possibility that the price will move up a little, hit the resistance and go down. FX:AUDNZD