There is a descending channel distinguished.
A descending channel indicates a bullish price action once price breaks above resistance.
AUD/USD to extend its rebound to 0.657.
AUD/USD: Bullish Flag
AUD/USD,
1 hour
LONG
May 9
A bullish flag is nearing completion, AUD/USD lacks a more strong move as a clue of a breakout.
A bullish flag typically indicates that the price to go long in case if price breaks out.
AUD/USD dives out bearish trendline to the 0.677 level.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Mar 14
It looks like an ascending channel is close to being done.
An ascending channel often signals extending an downtrend when price breaks below support.
AUD/USD could recede to 0.661 on a breakout of the ascending channel as bears looking for profit.
AUD/USD: Descending Channel
AUD/USD,
4 hours
LONG
Jul 1
There is a descending channel distinguished and AUD/USD requests a more active move as proof of a breakout.
A descending channel denotes a bullish price action indicator that often predicts extending an uptrend if price breaks through the resistance.
AUD/USD turns bullish towards 0.669 on a breach of 0.668.
AUD/USD: Ascending Channel
AUD/USD,
4 hours
SHORT
Oct 3
An ascending channel is close to being done and AUD/USD requests a more steady bearish move as an information of a breakout.
An ascending channel results in that the price to go down when price breaks out.
AUD/USD still risks a move towards 0.686.
AUD/USD: Ascending Triangle
AUD/USD,
4 hours
LONG
Aug 16
There is an ascending triangle diagnosed.
When price breaks out to the the upside, the resulting move could predict a next move up.
AUD/USD to head to the 0.666 level.
AUD/USD: Descending Triangle
AUD/USD,
1 hour
SHORT
Sep 5
There is a descending triangle developing and the price is about to break out soon.
A descending triangle is believed to be a reliable bearish formation that results in a bearish move if price collapses through the support line.
AUD/USD accelerates losses towards the 0.644 zone.
AUD/USD: Rising Wedge
AUD/USD,
1 hour
SHORT
Mar 31
A rising wedge comes out and the price is going to break out now.
A rising wedge typically signals prices are likely to keep falling downward if price collapses through the support line.
It is likely that a bearish run towards 0.67 will occur while below 0.6715 as extra rangebound not ruled out.
AUD/USD: Symmetrical Triangle
AUD/USD,
4 hours
SHORT
Apr 21
There is a symmetrical triangle turning up and AUD/USD expects a further move as a verification of a breakout.
A symmetrical triangle signals an extension in the downward direction when price collapses through the support line.
Decline to the 0.668 mark looks probable.
AUD/USD: Rising Wedge
AUD/USD,
1 hour
SHORT
May 29
As we can see a rising wedge is diagnosed, the price calls for a more strong move as evidence of a breakout.
A rising wedge depicts a useful chart indicator that typically spots prices are likely to keep falling downward if price breaks through the support.
AUD/USD to extend the correction lower to 0.653.
AUD/USD: Rectangle
AUD/USD,
4 hours
SHORT
Apr 24
As we can see a rectangle is close to being done.
A rectangle describes a bearish indicator that signals a sharp decline in case if price breaks through the support.
AUD/USD looks for a setback towards 0.666 as the currency pair sticks to the negative mood.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Aug 23
A descending channel is almost finished.
A descending channel often results in a bearish-to-bullish trend reversal when price breaks out.
It is not ruled out that a rangebound towards the 0.672 level will form on a breach of 0.6716.
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AUD/USD