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: Ascending Triangle
AUD/USD,
1 hour
LONG
Nov 28
An ascending triangle comes out, the price requires a strong bullish continuation as a signal of a breakout.
An ascending triangle provides a useful bullish pattern that is used to spot a next move up when price breaks through the resistance.
Audusd to enjoy a considerable gain to the 0.654 level.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Apr 29
There is an ascending channel uncovered, AUD/USD requests a further bearish impulse to confirm ascending channel breakout.
An ascending channel denotes a compelling indicator that typically predicts a change in the prevailing trend once price breaks out.
A bearish push down towards 0.638 about to be made.
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 Triangle
AUD/USD,
1 hour
SHORT
Oct 2
It looks like an ascending triangle has been detected.
An ascending triangle can be thought of as a reliable chart pattern that indicates an extension in the downward direction when price breakdown occurs.
Audusd to push down to the 0.6605 zone on a breach of 0.6608.
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.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Nov 25
An ascending channel is nearing completion and the price is about to break out.
An ascending channel often signals a temporary interruption of an existing trend in case if price breakdown occurs.
AUD/USD to resume its downfall towards 0.648.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Sep 24
There is an ascending channel found.
An ascending channel represents a reliable bearish pattern that is angled up that is used to predict an interruption of an uptrend if price breaks out.
Audusd risks extra losses towards the 0.659 level.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Oct 23
There is a descending channel determined and the price is breaking out.
When price breaks above resistance, the move could spot a trend change to the upside.
AUD/USD to move upward towards 0.632 once beyond 0.6316 as AUD/USD probes 0.6316 hurdle.
AUD/USD: Pennant
AUD/USD,
4 hours
LONG
May 13
There is a pennant encountered.
A pennant suggests a bullish chart formation that can be used to signal that prices are likely to keep rallying upward when price breaks above resistance.
AUD/USD to increase bullish potential towards 0.664 on a breach of 0.662.
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AUD/USD