AUD/USD is quickly approaching 0.7116. We expect either a breakout through this line, or a rebound.

AUD/USD is heading towards a line of 0.7116. If this movement continues, we expect the price of AUD/USD to test 0.7116 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.