Emerging Falling Wedge pattern in its final wave was identified on the AUDUSD 4 hour chart. After a strong bullish run, we find AUDUSD heading towards the upper triangle line with a possible resistance at 0.6705. If the resistance shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
Target: 0.6705 Entry: 0.6693 Stop: 0.6651
USDJPY has broken through a line of 146.6320. If this breakout holds true, we could see the price of USDJPY heading towards 148.5193 within the next 10 hours. But don’t
NZDUSD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for
EURUSD is once again retesting a key horizontal resistance level at 1.0851. It has tested this level 6 times in the recent past and could simply bounce off like it