AUD/USD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 0.7028 may materialize within the next 5 days.
Related Posts
Is the extremely large movement on USDCHF a sign of things to come?
A movement of 1.29% over 2 days on USDCHF doesn’t go unnoticed. You may start considering where it’s…
USDJPY – breach of a trending support line that has been tested at least twice before.
This trade setup on USDJPY is formed by a period of consolidation; a period in which the price…
AUDJPY is quickly approaching a very important level it has previously tested numerous times in the past
AUDJPY is moving towards a key resistance level at 97.1160. This is a previously tested level for AUDJPY.…