AUD/USD has broken through a line of 0.6762 and suggests a possible movement to 0.6749 within the next 13 hours. 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 5 days.
Related Posts
Resistance line breached by USD/JPY. This price has been tested at least twice before.
USD/JPY moved through the resistance line of a Falling Wedge at 140.13712698412698 on the 30 Minutes chart. This…
Important price line breached by GBP/USD. This price has been tested numerous times before.
The breakout of GBP/USD through the 1.3155 price line is a breach of an important psychological price that…
AUD/USD – breach of a trending resistance line that has been tested at least twice before.
AUD/USD moved through the resistance line of a Channel Down at 0.6726166666666665 on the 4 hour chart. This…