A movement of 3.01% over 31 days on AUDNZD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
The movement of France 40 towards 6559.7002 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 11 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Dropbox Inc has broken through a line of 23.36 and suggests a possible movement to 24.10 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 23 days.