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: 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.
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 Channel
AUD/USD,
1 hour
LONG
Mar 14
There is a descending channel encountered.
A descending channel can be thought of as a chart indicator that is used to spot that the price to go long if price breaks out to the the upside.
A bullish run towards 0.632 is likely as the currency pair nears 0.632 hurdle.
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: Descending Channel
AUD/USD,
1 hour
LONG
Dec 27
It looks like a descending channel has been found, the price lacks a bullish move as a sign of a breakout.
A descending channel often identifies the more likely potential of rising prices if price breaks out.
A bullish continuation towards 0.623 looks likely while above 0.622.
AUD/USD: Falling Wedge
AUD/USD,
1 hour
LONG
Feb 20
There is a falling wedge diagnosed and the price is ready to break out.
A falling wedge tends to be a reliable bullish price action indicator that can be used to signal that the price to go long in case if price breaks out to the the upside.
There is a possibility of a bullish continuation to the 0.635 zone.
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: Pennant
AUD/USD,
1 hour
LONG
Nov 3
A pennant has been spotted and the price requires a more bullish continuation to confirm pennant breakout.
A pennant represents a useful price action indicator that can be used to indicate the bears have run out of steam if price breaks through the resistance.
A further move towards the 0.645 zone is possible.
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.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
May 9
There is a descending channel appearing.
A descending channel describes a useful bullish chart indicator that is used to signal the more likely potential of rising prices once price breaks above resistance.
AUD/USD looks ready to further extend its gains towards 0.659.
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.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
AUD/USD