It seems like a descending triangle arises.
A descending triangle typically predicts a sharp decline if price breakdown occurs.
There is a chance of decline to 0.632.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
May 23
As we can see a descending channel is very close to being completed and the price demands a bigger move as evidence of a breakout.
Once price breaks through the resistance, the move could indicate a sharp rise.
AUD/USD to extend its rebound to 0.647 while above 0.6458.
AUD/USD: Ascending Channel
AUD/USD,
4 hours
SHORT
Jan 2
It looks like an ascending channel is discovered, the price is ready to break out.
An ascending channel is a compelling price signal that signals a bearish move if price breaks through the support.
A move towards 0.676 stays on the cards on a breach of 0.678 as the currency pair probes 0.678 hurdle.
AUD/USD: Falling Wedge
AUD/USD,
1 hour
LONG
May 23
A falling wedge is discovered and AUD/USD lacks a next steady move as a verification of a breakout.
Once price breaks through the resistance, the move could identify a bullish price action.
There is a probability of a bullish move to 0.644 as the currency pair challenges 0.6432 hurdle.
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 Triangle
AUD/USD,
1 hour
LONG
Nov 14
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: Descending Channel
AUD/USD,
4 hours
LONG
Jun 24
We can see that a descending channel is nearing completion.
A descending channel often signals extending an uptrend when price breaks out.
A move to 0.65 is on the cards as indicators favor bulls.
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: 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 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: 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.
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AUD/USD