AUDUSD has broken through a line of 0.6494 and suggests a possible movement to 0.6470 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 6 days.
After testing 0.6494 numerous times, AUDUSD has finally broken through. Can we expect a bearish trend to follow?
