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EURAUD closed below its rising wedge at 1.61524 and fell back above it 2 bars ago. The break failed. A close back below 1.61524 would change that.

EURAUD=X · 1H · read on 2026-09-11 · Closed below 1.61524 3 bars ago, then closed back above it 2 bars ago. The break failed.

What the read found

Trend: a series of higher highs and higher lows over the window, 5 steps across 74 bars, still intact
Formation: rising wedge — Closed below 1.61524 3 bars ago, then closed back above it 2 bars ago. The break failed.
Decides above: 1.62022 (the rising wedge)
Decides below: 1.61524 (the rising wedge)
Resistance: 1.61755
Resistance: 1.62261
Level history: The last two times price reached 1.61755 it held once, bouncing 0.2%, and broke through once.
Level history: The last four times price reached 1.62261 it held every time, bouncing 0.3% on average.

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Every figure on this page was computed from the real candles up to 2026-09-11. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns