AUD/USD creates a rising wedge and AUD/USD needs a next active bearish impulse as a clue of a breakdown.
A rising wedge typically spots that the price to go short if price collapses through the support line.
AUD/USD opens door for a move towards 0.68 while lower than 0.6812.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Dec 1
There is a descending channel distinguished, the price calls for rise as an indication of a breakout.
A descending channel identifies a reliable signal that can be used to indicate a bullish price move if price breaks through the resistance.
It is likely that a bullish move towards the 0.664 zone will happen once beyond 0.663 as the currency pair nears 0.663 hurdle.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Dec 26
It seems like an ascending channel is revealed and the price is ready to break out.
An ascending channel can be thought of as a useful formation that can be used to signal that the price to go down once price breaks below support.
It is likely that a bearish move towards 0.623 will form.
AUD/USD: Rectangle
AUD/USD,
1 hour
LONG
Sep 16
There is a rectangle arising.
A rectangle denotes a specific bullish price action formation that is used to signal that the price will rally further in case if price breaks out to the the upside.
AUD/USD to extend its rebound towards 0.674.
AUD/USD: Rising Wedge
AUD/USD,
1 hour
SHORT
Aug 29
It looks like the price creates a rising wedge, AUD/USD needs a more move as an indication of a breakout.
A rising wedge describes a useful bearish pattern that often identifies price heading to a new direction when price breakdown occurs.
AUD/USD is at risk of resuming its decline towards 0.679.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Jul 27
It seems like an ascending channel comes out.
An ascending channel describes a compelling signal that is used to identify a move down when price breaks out.
It is possible that a bearish push down to the 0.676 level will form.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Nov 25
An ascending channel has been discovered.
An ascending channel denotes a compelling bearish chart pattern that identifies a further move down once price breakdown occurs.
AUD/USD does not rule out a move towards 0.65.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Sep 18
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: Descending Channel
AUD/USD,
4 hours
LONG
Mar 3
A descending channel appears.
A descending channel identifies a technical bullish price action pattern that typically spots a next move up in case if price breaks above resistance.
AUD/USD turns higher to 0.625.
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.
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AUD/USD