The breakout of AUD/USD through the resistance line of a Channel Down could be a sign of the road ahead. If this breakout persists, we expect the price of AUD/USD to test 0.6859 within the next 13 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing resistance twice in the past, AUD/USD has finally broken through. Can we expect a bullish trend to follow?
