There is a falling wedge coming out and the price wants a next active move for clear breakout confirmation.
A falling wedge describes a reliable signal that is used to spot a change in price direction if price breaks out.
It is not ruled out that a bullish push up to 0.666 will be made on impulse above 0.666 as AUD/USD sticks to the positive mood.
AUD/USD: Descending Triangle
AUD/USD,
4 hours
LONG
Nov 1
It seems like AUD/USD shows a descending triangle and the price breaks out.
A descending triangle describes a specific indicator that typically indicates a sharp rise when price breaks above resistance.
It is possible that a further bullish continuation to 0.638 will happen while above 0.637 as the wind continues blowing in favor of AUD/USD.
AUD/USD: Ascending Channel
AUD/USD,
4 hours
SHORT
Apr 5
There is an ascending channel emerging.
An ascending channel denotes a signal that can be used to indicate a further move down when price collapses through the support line.
AUD/USD to extend its slide to 0.668 as AUD/USD becomes vulnerable.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
May 8
AUD/USD completes a descending channel, the price is about to break out.
A descending channel is a useful pattern that is angled down that is used to identify a bullish price move when price breaks above resistance.
It is not ruled out that a bullish price action to the 0.659 mark will happen.
AUD/USD: Descending Triangle
AUD/USD,
4 hours
SHORT
Oct 23
AUD/USD composes a descending triangle.
A descending triangle signals extending an downtrend when price breakdown occurs.
AUD/USD looks south to the 0.628 level.
AUD/USD: Falling Wedge
AUD/USD,
1 hour
LONG
Nov 17
The price creates a falling wedge.
A falling wedge is a bullish price action pattern that is angled down that is used to indicate a next move up once price breaks out.
It is not ruled out that a rangebound to 0.65 will occur.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Mar 23
It looks like an ascending channel is exposed.
An ascending channel depicts a compelling bearish chart formation that indicates a sharp decline in case if price collapses through the support line.
AUD/USD opens door for a move to the 0.668 level.
AUD/USD: Ascending Triangle
AUD/USD,
1 hour
LONG
Apr 23
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Mar 16
A descending channel is close to completion, the price is about to break out.
A descending channel spots an interruption of a downtrend in case if price breaks out to the the upside.
AUD/USD violates bearish trendline towards the 0.666 zone on a break above 0.664.
AUD/USD: Descending Channel
AUD/USD,
4 hours
LONG
Apr 13
There is a descending channel distinguished.
A descending channel signals an interruption of a downtrend in case if price breaks out.
AUD/USD to maintain its positive tone to the 0.672 zone.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Dec 4
It seems like the price develops an ascending channel, the price is about to break out soon.
An ascending channel typically predicts a change in the prevailing trend when price breaks through the support.
AUD/USD opens door for a move towards the 0.662 mark.
AUD/USD: Ascending Channel
AUD/USD,
4 hours
SHORT
Nov 30
It seems like the price forms an ascending channel, the price is ready to break out.
An ascending channel describes a technical indicator that typically signals a bullish-to-bearish trend reversal if price breaks below support.
AUD/USD could attempt a move to 0.66 as minor hurdle remains at 0.662.
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AUD/USD