The breakout of AUD/USD through the 0.6499 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 0.6431 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
Bulls aim for 0.6525 after the AUDUSD triggered a bearish formation on the 4 hour chart
AUDUSD has broken through a support line of a Channel Up chart pattern. If this breakout holds true,…
USDJPY heading towards a price it has tested 4 times in the recent past.
The movement of USDJPY towards 148.9320 price line is yet another test of the line it reached numerous…
Because AUDUSD formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower
AUDUSD is moving towards a support line which it has tested numerous times in the past. We have…