AUD/USD is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.

Either a rebound or a breakout imminent on AUD/USD
AUD/USD is heading towards the support line of a Channel Down. If this movement continues, the price of AUD/USD could test 0.6587 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Want to get full Autochartist Access including the Autochartist Market Scanner, email reports,
Mobile App, and the full Autochartist Web App?

Subscribe here: ChartViper Subscriptions