AUD/USD has broken through a support line. It has touched this line numerous times in the last 5 days. This breakout shows a potential move to 0.6770 within the next 14 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
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Supports and resistances are primary concepts of technical analysis. EURCAD is heading for an important price of 1.4871 – read about what this could mean for the future.
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AUDUSD moves lower to 0.62433 in the last 26 days.
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