AUD/USD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 0.6849 may materialize within the next 2 days.
Related Posts
Important price line breached by USDJPY. This price has been tested numerous times before.
USDJPY is once again retesting a key horizontal support level at 145.0465. It has tested this level 3…
A possible move on NZDUSD as it heads towards support
The movement of NZDUSD towards the support line of a Falling Wedge is yet another test of the…
EURGBP has formed 6 bullish candles successively, what is the probability of getting another bullish candle?
After posting 6 consecutive bullish candles in 7 days, you may start considering where EURGBP is heading next,…