GBP/AUD Ascending Channel Support
GBPAUD has been cruising higher with rising lows and rising highs inside an ascending trend channel on its hourly time frame. Price just bounced off the top and looks due for a pullback to nearby support zones.
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AUD/USD Resistance Turned Support Correction
AUDUSD recently broke through the resistance around the .6300 major psychological mark before retreating from the highs around .6415. Price could find support at the Fibonacci retracement levels shown below.
EUR/AUD Bearish Trend Correction to Area of Interest?
EURAUD has formed lower highs connected by a falling trend line that’s been holding all month, and it looks like a correction to this resistance zone could be in the works.
AUD/CHF Trend Correction Levels
AUDCHF has formed higher lows connected by a rising trend line that’s been holding for the past few weeks. Price looks ready for another test of support soon.
GBP/AUD Double Top Neckline Breakdown Due?
GBPAUD failed in its last couple of attempts to break past the 1.9550 minor psychological mark, creating a double top pattern on its hourly time…
AUD/CAD Double Top Neckline Test, AU CPI Next
AUDCAD made a couple of failed attempts to break above the resistance near the .9200 major psychological mark and is now back to testing support…
AUD/CAD Descending Triangle Breakout Due?
AUDCAD has formed lower highs and found support around the .9050 minor psychological mark, creating a descending triangle on its hourly time frame. Price just…
AUD/USD Triangle Breakout Looming
AUDUSD has formed lower highs and higher lows to consolidate inside a symmetrical triangle pattern on its hourly time frame. Price is currently testing the…