The breakout of AUD/USD through the 0.6973 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 0.7027 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
EUR/USD – approaching a price line that has been previously tested numerous times in the past
The price of EUR/USD in heading back to the support area. It is possible that it will struggle…
We expect a $100 movement on NZDUSD within the next 2 hours.
Based on the last 12 GDP Growth Rate QoQ Adv events in United States, we may expect NZDUSD…
USD/CHF keeps moving closer towards 0.9102. Will it finally breach this level?
The price of USD/CHF in heading back to the support area. It is possible that it will struggle…