There is a descending triangle poping up and AUD/USD demands a more strong move for the certainty of breakout.
A descending triangle results in extending an uptrend once price breaks above resistance.
It is possible that a further bullish run towards 0.638 will form while above 0.6376 as bullish momentum increases.
AUD/USD: Ascending Channel
AUD/USD,
4 hours
SHORT
Feb 24
We can see that an ascending channel is exposed, the price needs a move for the certainty of breakdown.
In case if price breaks down, the resulting move could identify a bearish move.
It is not ruled out that a bearish move to the 0.634 zone will form.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Dec 26
An ascending channel is discovered.
An ascending channel provides a chart pattern that has an upward slope that indicates a tendency to break in the opposite direction in case if price breaks out to the the downside.
A rangebound to 0.6225 is not ruled out on a breakdown of the ascending channel.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Nov 1
AUD/USD develops a descending channel, the price requires a bit more consolidation to confirm a breakout.
A descending channel describes a specific indicator that often indicates an interruption of a downtrend once price breaks through the resistance.
It is likely that a further bullish push up towards the 0.635 mark will be made.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Jun 28
An ascending channel is close to being completed, the price is breaking out.
An ascending channel is said to depict a reliable pattern that is used to predict that the price to go short once price breaks out.
There is a probability of a bearish price action to the 0.668 mark.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Mar 10
It looks like a descending channel is discovered and the price calls for a more strong bullish continuation to confirm descending channel breakout.
A descending channel is said to depict a technical bullish price indicator that is used to signal a downward trend is nearing its end once price breaks out.
AUD/USD looks ready to further extend its gains to the 0.664 level on a breach of 0.663.
AUD/USD: Ascending Triangle
AUD/USD,
1 hour
SHORT
Sep 5
There is an ascending triangle emerging, the price is close to breaking out soon.
In case if price breaks down, the resulting move could signal the more likely potential of falling prices.
AUD/USD to extend the correction lower to 0.645 on a breach of 0.6458 as upside pressure alleviates.
AUD/USD: Rising Wedge
AUD/USD,
1 hour
SHORT
Dec 6
There is a rising wedge developing, the price asks for a more bigger move as a sign of a breakout.
A rising wedge tends to be a useful chart formation that typically indicates a change in the prevailing trend if price breaks below support.
It is likely that a bearish move towards 0.643 will form on a downside break as the currency pair becomes capped.
AUD/USD: Descending Triangle
AUD/USD,
1 hour
LONG
Nov 18
It looks like a descending triangle is encountered and the price needs a more move as an information of a breakout.
A descending triangle can be thought of as a technical bullish price action signal that results in a bullish price move in case if price breaks above resistance.
AUD/USD is bullish and en route to 0.648 once beyond 0.6476.
AUD/USD: Ascending Channel
AUD/USD,
4 hours
SHORT
Sep 1
An ascending channel is nearing completion, the price is ready to break out.
An ascending channel represents a specific price action formation that is used to signal a bearish price action in case if price collapses through the support line.
AUD/USD could recede towards 0.646 on a breach of 0.648 as AUD/USD sticks to the negative mood.
AUD/USD: Rectangle
AUD/USD,
1 hour
LONG
Nov 1
It looks like a rectangle is observed, the price breaks out now.
A rectangle identifies a technical bullish signal that can be used to predict that the price will rally further when price breaks above resistance.
AUD/USD to continue higher towards 0.659.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Dec 30
There is an ascending channel determined.
Once price breakdown occurs, the resulting move could identify a move down.
It is likely that decline towards 0.621 will be made while lower than 0.6218 as gains remain capped.
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AUD/USD