AUD/USD has broken through the support line of a Channel Up technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 14 days and suggests a possible target level to be around 0.6783 within the next 3 days.
Breach of support could mean a start of a bearish trend on AUD/USD
