There is a symmetrical triangle turning up and AUD/USD expects a further move as a verification of a breakout.
A symmetrical triangle signals an extension in the downward direction when price collapses through the support line.
Decline to the 0.668 mark looks probable.
AUD/USD: Rising Wedge
AUD/USD,
1 hour
SHORT
Mar 31
A rising wedge comes out and the price is going to break out now.
A rising wedge typically signals prices are likely to keep falling downward if price collapses through the support line.
It is likely that a bearish run towards 0.67 will occur while below 0.6715 as extra rangebound not ruled out.
AUD/USD: Descending Triangle
AUD/USD,
1 hour
SHORT
Apr 30
We can see that a descending triangle has been exposed and the price is about to break out.
A descending triangle typically identifies a move down in case if price collapses through the support line.
It is possible that a bearish push down towards 0.652 will occur on a breach of 0.6528.
AUD/USD: Rising Wedge
AUD/USD,
1 hour
SHORT
May 29
As we can see a rising wedge is diagnosed, the price calls for a more strong move as evidence of a breakout.
A rising wedge depicts a useful chart indicator that typically spots prices are likely to keep falling downward if price breaks through the support.
AUD/USD to extend the correction lower to 0.653.
AUD/USD: Falling Wedge
AUD/USD,
4 hours
LONG
Apr 19
AUD/USD: Rectangle
AUD/USD,
4 hours
SHORT
Apr 24
As we can see a rectangle is close to being done.
A rectangle describes a bearish indicator that signals a sharp decline in case if price breaks through the support.
AUD/USD looks for a setback towards 0.666 as the currency pair sticks to the negative mood.
AUD/USD: Falling Wedge
AUD/USD,
1 hour
LONG
May 18
A falling wedge appears, the price is ready to break out.
When price breaks out, the resulting move could indicate a bullish price move.
It is likely that a bullish push up to the 0.664 zone will happen.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Mar 30
There is a descending channel uncovered.
A descending channel often identifies a change in the prevailing trend in case if price breaks through the resistance.
AUD/USD advances higher towards 0.67 as downside pressure seen easing.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Oct 25
As we can see an ascending channel appears.
An ascending channel is believed to be a specific bearish chart formation that is used to spot prices are likely to keep falling downward when price breaks out.
AUD/USD challenges a move towards 0.634.
AUD/USD: Rectangle
AUD/USD,
1 hour
SHORT
Feb 26
There is a rectangle discovered and the price breaks out.
A rectangle is a compelling price action signal that is used to predict the bulls have run out of steam once price breaks down.
AUD/USD pulls back towards 0.655.
AUD/USD: Ascending Channel
AUD/USD,
4 hours
SHORT
Sep 18
The price gives an ascending channel and AUD/USD wants a next move as a signal of a breakdown.
When price breaks out to the the downside, the move could spot price heading to a new direction.
It is possible that a further rangebound towards 0.642 will occur as the currency pair is at a brink of a bearish breakout.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Dec 21
A descending channel is almost finished, AUD/USD requires a next bigger move as an indication of a breakout.
A descending channel typically spots a bearish-to-bullish trend reversal if price breaks out to the the upside.
It is likely that a further rangebound to 0.678 will form on a break above 0.6772 as bulls seeking a new high.
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AUD/USD