It seems like the price establishes an ascending channel, the price is breaking out.
An ascending channel tends to be a technical formation that typically indicates a change in the prevailing trend when price breaks down.
It is possible that a bearish price action towards the 0.722 zone will form on a downside break.
AUD/USD: Descending Channel
AUD/USD,
1 day
LONG
Dec 16
A descending channel is close to being completed.
A descending channel describes a useful chart pattern that can be used to identify that prices move counter to the prevailing price trend when price breaks out.
AUD/USD to prolong the growth phase towards the 0.72 level.
AUD/USD: Descending Channel
AUD/USD,
1 day
LONG
Dec 23
It seems like a descending channel emerges.
A descending channel represents a technical price signal that is used to identify a next move up if price breaks above resistance.
There is a possibility of a bullish continuation to 0.73 amid rising bets for the move.
AUD/USD: Ascending Triangle
AUD/USD,
4 hours
SHORT
Jan 3
There is an ascending triangle identified, the price is breaking out.
An ascending triangle indicates a break in the price direction if price collapses through the support line.
A further rangebound towards the 0.72 mark is a possibility as upside pressure mitigates.
AUD/USD: Falling Wedge
AUD/USD,
4 hours
LONG
4 days ago
The price shapes a falling wedge.
A falling wedge identifies a useful chart indicator that typically indicates a bullish price move in case if price breaks through the resistance.
There is a chance of a bullish move to 0.722.
AUD/USD: Ascending Channel
AUD/USD,
1 day
SHORT
Nov 11
There is an ascending channel diagnosed.
An ascending channel can be thought of as a signal that often indicates that the price to go down if price breaks below support.
AUD/USD to move downward towards the 0.72 zone as outlook for AUD/USD stays negative.
AUD/USD: Falling Wedge
AUD/USD,
1 hour
LONG
4 days ago
The price establishes a falling wedge and the price breaks out soon.
A falling wedge can be thought of as a chart signal that can be used to predict reversals in downtrends when price breaks above resistance.
AUD/USD embarks on a bullish correction to 0.72.
AUD/USD: Ascending Channel
AUD/USD,
4 hours
SHORT
Jan 14
As we can see an ascending channel is diagnosed.
An ascending channel suggests a reliable bearish price action pattern that predicts a bearish price action when price collapses through the support line.
A move to the 0.72 zone stays on the cards.
AUD/USD: Bullish Flag
AUD/USD,
1 day
LONG
Dec 9
A bullish flag has been found and AUD/USD requests a move as proof of a breakout.
In case if price breaks above resistance, the resulting move could spot that prices move counter to the prevailing price trend.
It is likely that a bullish continuation to 0.72 will happen.
AUD/USD: Rectangle
AUD/USD,
1 hour
SHORT
Jan 14
It seems like a rectangle develops and the price breaks out now.
A rectangle is considered to be a compelling pattern that can be used to predict the more likely potential of falling prices if price breakdown occurs.
Further decline towards 0.727 looks probable.
AUD/USD: Descending Triangle
AUD/USD,
1 hour
SHORT
Dec 2
There is a descending triangle occuring and AUD/USD asks for a next impulse down as a verification of a breakout.
A descending triangle identifies a compelling bearish price pattern that typically predicts a sharp decline if price breaks out.
A bearish price action to 0.708 looks possible while below 0.709 as AUD/USD becomes depressed.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Jan 3
There is an ascending channel discovered, the price is ready to break out soon.
If price breaks out, the move could indicate an interruption of an uptrend.
There is a probability of corrective downside towards the 0.7255 level as AUD/USD loses bullish momentum.
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AUD/USD