The breakout of AUD/USD through the 0.6545 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, AUD/USD could test 0.6586 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
Is the extremely large movement on NZD/USD a sign of things to come?
NZD/USD has moved higher by 4.19% from 0.58776 to 0.61239 in the last 18 days.
An unexpected large move has occurred on AUD/USD Daily chart! Is this a sign of something new? What can we expect?
AUD/USD has experienced an exceptionally large movement higher by 4.1% from 0.64192 to 0.66822 in the last 29…
A final push possible on USD/CHF as it starts approaching a price line of 0.9055.
USD/CHF is moving towards a key support level at 0.9055. USD/CHF has previously tested this level 5 times…