There is an ascending channel detected.
Once price breaks through the support, the resulting move could predict a next move down.
AUD/USD set to extend its decline to the 0.675 mark as there is a chance for a downside correction.
AUD/USD: Falling Wedge
AUD/USD,
1 hour
LONG
Mar 27
There is a falling wedge distinguished.
When price breaks above resistance, the move could predict a bullish price move.
A bullish continuation to the 0.654 zone looks possible as bulls looking for profit.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Jun 22
There is an ascending channel turning up and AUD/USD requests a more active move as a sign of a breakout.
An ascending channel is believed to be a reliable bearish price action pattern with an upward bias that is used to identify an interruption of an uptrend once price collapses through the support line.
Extra downside to 0.676 looks likely while below 0.6765.
AUD/USD: Pennant
AUD/USD,
1 hour
SHORT
May 23
There is a pennant encountered and the price is breaking out.
A pennant can be thought of as a compelling formation that is used to indicate a bearish move when price collapses through the support line.
It is likely that a bearish move to 0.664 will be made while below 0.665.
AUD/USD: Ascending Channel
AUD/USD,
4 hours
SHORT
Dec 29
It seems like AUD/USD completes an ascending channel and the price expects next active push down to confirm ascending channel breakdown.
An ascending channel represents a bearish indicator that identifies a move down if price breakdown occurs.
AUD/USD set to extend its decline towards the 0.682 zone on impulse below 0.683.
AUD/USD: Pennant
AUD/USD,
1 hour
SHORT
Mar 12
There is a pennant recognized and the price is ready to break out.
Once price breaks out, the move could signal a further move down.
AUD/USD to drop towards the 0.661 level on impulse below 0.6614.
AUD/USD: Falling Wedge
AUD/USD,
4 hours
LONG
Sep 27
A falling wedge is found and AUD/USD asks for a strong move to confirm a breakout.
A falling wedge tends to be a specific chart signal that typically results in the bears have run out of steam if price breaks out.
It is possible that a bullish price action to 0.642 will occur once above 0.6405.
AUD/USD: Rising Wedge
AUD/USD,
1 hour
SHORT
May 18
It seems like a rising wedge is observed and AUD/USD needs a next active move to confirm a breakdown.
A rising wedge often identifies a further move down when price breakdown occurs.
AUD/USD risks extra downside towards 0.664 while lower than 0.6646 as the currency pair probes 0.6646 hurdle.
AUD/USD: Descending Channel
AUD/USD,
4 hours
LONG
Feb 15
As we can see a descending channel has been found and the price requires a further move as evidence of a breakout.
A descending channel is a compelling pattern that is used to predict that the price will rally further when price breaks above resistance.
A bullish move towards 0.655 is probable as the currency pair becomes supported.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Aug 14
An ascending channel is close to being completed, the price is going to break out now.
An ascending channel identifies a bearish price indicator that results in a trend change to the downside if price collapses through the support line.
It is likely that a bearish push down to the 0.662 zone will be made on a downside break.
AUD/USD: Pennant
AUD/USD,
4 hours
LONG
Dec 13
A pennant has been distinguished, AUD/USD expects a next bigger impulse up as proof of a breakout.
A pennant suggests a compelling chart indicator that often indicates that prices are likely to keep rallying upward when price breaks out to the the upside.
AUD/USD to recover bullish potential towards 0.66 on a breakout of the pennant.
AUD/USD: Ascending Channel
AUD/USD,
4 hours
SHORT
Apr 6
There is an ascending channel turning up, the price requests a further active bearish move as a verification of a breakout.
An ascending channel typically identifies a bearish move in case if price breakdown occurs.
AUD/USD does not rule out a move towards 0.668.
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AUD/USD