AUD/USD has broken through the support line of a Pennant 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 13 days and suggests a possible target level to be around 0.6476 within the next 8 hours.
AUD/USD through 0.6531223076923077. Is this a confirming a breakout? Will it continue its path in the current trend toward 0.6476?
