The first thing we notice on the D1 chart by the Swissy is the confirmed double bottom formation on the D1 chart and on the Stochastic Oscillator. The 0.88618 resistance also plays the role of a neck line for the formation and it got broken in Friday. Since the formation is also confirmed by the Stochastic Oscillator, we have a significant reason to believe, that the price might increase to its previous top at 0.89486, which is also the neck line of a bigger double top formation (purple). If this happens, it would appear that the bearish break through the yellow triangle from the middle of March is false. On the other hand, if the price does not manage to complete the small double bottom formation and it starts decreasing, the supports the price would experience are the upper and the lower level of the already broken yellow symmetrical triangle, the 0.87697 support and the 0.87453 support.
The Aussie attempted a bearish break (red circle) through the purple bullish trend line from January, which is also the lower level of the purple symmetrical triangle from April 10. The followed increase of the price has the shape of a rising wedge formation (small blue lines), which brought the price to the upper level of the triangle. As we all know, the rising wedge formation has bearish potential, and in this case, it has the potential to bring the price out of the symmetrical triangle, through the lower level. Furthermore, with meeting the upper level of the triangle, the price also met the 0.93787 resistance, which makes the test point even stronger. At the same time, the Stochastic Oscillator is just crossing its lines in bearish direction after it interacted with the 80-level line and it looks like we will see a bearish bounce. For this reason, if the price starts decreasing, the supports it would meet are the lower level of the purple triangle and the red 0.92053 line, which was already tested twice on April 3 and May 2. If the price breaks through the upper level of the triangle, it would probably increase to the 0.9458 resistance, which indicates the 6-months high of the price.
After it broke first through the lower level of the red symmetrical triangle from March 17, which also matches with the bullish trend line from January 8, the price started moving in a bullish corridor (green). The corridor brought the price through the yellow resistance at 1307.01, which indicates the previous top of the price, which, despite of the break through the lower level of the triangle, accredits the bullish movement of the price. Now, seeing the direction of the price, despite of the break through the lower level of the triangle, it is hard to be said which side of the triangle the price broke through. Currently, the price is testing the lower level of the green bullish corridor. If the price breaks through this level, the next support to be met is the 1273.95 support, which points the previous bottom of the price, and the already broken red bearish trend line from March 17, which is also the upper level of the triangle we mentioned. If the price bounces from the lower level of the green bullish corridor, the price would probably meet the already broken lower level of the triangle as a resistance, the 1316.29 resistance, which indicates the previous top of the price and the upper level of the corridor.
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