There is an ascending channel developing and the price requires further bigger fall to confirm ascending channel breakout.
In case if price breaks down, the resulting move could spot a sharp decline.
It is possible that corrective downside towards the 0.652 zone will happen on a break below 0.6524.
AUD/USD: Bearish Flag
AUD/USD,
1 hour
SHORT
Jun 27
We can see that a bearish flag is discovered.
A bearish flag denotes a signal that is used to indicate a sharp decline in case if price breakdown occurs.
AUD/USD risks potential downside towards 0.668 as outlook for AUD/USD stays negative.
AUD/USD: Ascending Triangle
AUD/USD,
1 hour
LONG
Aug 29
There is an ascending triangle detected and the price calls for a further move for the certainty of breakout.
An ascending triangle often identifies a bullish price action when price breaks through the resistance.
It is not ruled out that a bullish continuation to the 0.644 level will be made.
AUD/USD: Bearish Flag
AUD/USD,
4 hours
SHORT
Mar 7
It seems like a bearish flag has been detected and the price expects push down to confirm bearish flag breakout.
A bearish flag is said to depict a reliable chart pattern that is angled up that typically indicates an extension in the downward direction in case if price breakdown occurs.
It is not ruled out that a move to 0.67 will occur as upside pressure mitigates.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Jul 12
It seems like a descending channel is close to completion and the price breaks out soon.
Once price breaks above resistance, the resulting move could spot a bullish move.
There is a chance of a bullish push up to 0.67.
AUD/USD: Rising Wedge
AUD/USD,
4 hours
SHORT
Apr 10
There is a rising wedge encountered, AUD/USD demands a bigger correction as a sign of a breakdown.
A rising wedge typically predicts a bearish price action once price breakdown occurs.
AUD/USD to head towards 0.66.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Mar 23
An ascending channel is encountered and AUD/USD demands a further strong impulse down as a clue of a breakout.
An ascending channel often indicates a countertrend succeeding the current trend in case if price breaks out to the the downside.
AUD/USD is at risk of extending its slump to 0.668.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Sep 20
As we can see AUD/USD builds an ascending channel, the price expects a further move as a clue of a breakout.
An ascending channel is said to depict a specific bearish chart signal that identifies a bearish price action once price breaks out.
A further rangebound to 0.644 is about to happen on a breakout of the ascending channel as gains remain capped.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Nov 1
A descending channel comes out.
A descending channel predicts a breakout higher when price breaks out to the the upside.
AUD/USD points to the upside towards 0.637.
AUD/USD: Bearish Flag
AUD/USD,
1 day
SHORT
Mar 20
A bearish flag is nearing completion, the price asks for a next strong move for the certainty of breakdown.
A bearish flag denotes a compelling bearish price action signal that results in that the price to go short if price breaks down.
There is a probability of a bearish run to 0.65 on a breakdown of the bearish flag as extra rangebound not ruled out.
AUD/USD: Descending Channel
AUD/USD,
4 hours
LONG
Feb 15
There is a descending channel occuring, AUD/USD requires rise as an indication of a breakout.
Once price breaks through the resistance, the resulting move could signal a downward trend is about to reverse into an upnward trend.
It is possible that a bullish continuation to 0.654 will be made on a breach of 0.6525 as weakness seen overdone.
AUD/USD: Falling Wedge
AUD/USD,
4 hours
LONG
Mar 30
A falling wedge is close to completion, the price is close to breaking out now.
A falling wedge identifies a further move up if price breaks out to the the upside.
AUD/USD to have better chances of advancing to 0.672 as bulls lurking in demand zone.
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AUD/USD