The breakout of AUD/USD through the 0.6925 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of AUD/USD to test 0.6938 within the next 10 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
EURUSD consistently settling in one direction. Will it continue?
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
Important support line being approached by AUDUSD. This price has been tested numerous time in the last 2 days
AUDUSD is heading towards the support line of a Channel Down and could reach this point within the…
An unexpected large move has occurred on USDCHF 1 hour chart! Is this a sign of something new? What can we expect?
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…