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: 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: Descending Channel
AUD/USD,
1 hour
LONG
Mar 10
There is a descending channel revealed and the price is breaking out.
A descending channel is a compelling price pattern that can be used to signal a next move up if price breaks out to the the upside.
It is not ruled out that a further bullish price action towards the 0.66 level will take place.
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: Rising Wedge
AUD/USD,
1 hour
SHORT
Mar 15
It seems like a rising wedge is found, AUD/USD lacks a more strong move as evidence of a breakdown.
A rising wedge often spots that the price to go short if price breaks out.
AUD/USD to continue lower to the 0.666 zone as extra rangebound not ruled out.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Sep 11
It seems like a descending channel is close to being completed, the price is breaking out.
Once price breaks out, the move could identify a next move up.
It is likely that a bullish run towards the 0.668 level will occur once above 0.667.
AUD/USD: Descending Triangle
AUD/USD,
1 hour
SHORT
Sep 1
There is a descending triangle revealed, AUD/USD expects a steady bearish action for clear breakout confirmation.
A descending triangle is considered to be a technical signal that often results in that the price to go down when price breakdown occurs.
AUD/USD does not rule out a move to the 0.646 level as there is a chance of further weakness.
AUD/USD: Rising Wedge
AUD/USD,
1 hour
SHORT
Apr 25
We can see that the price establishes a rising wedge, the price is close to breaking out soon.
A rising wedge identifies a bearish price action once price breaks down.
AUD/USD could recede to the 0.668 level.
AUD/USD: Descending Triangle
AUD/USD,
1 hour
LONG
Sep 1
There is a descending triangle forming, the price is ready to break out soon.
A descending triangle typically spots a move up once price breaks out.
AUD/USD challenges a move to 0.649 on a breach of 0.6486.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Jun 20
It looks like an ascending channel is close to completion.
An ascending channel indicates a break during an uptrending market once price breakdown occurs.
There is a probability of extra downside towards 0.6665.
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AUD/USD