Breach of resistance line imminent by AUD/USD
AUD/USD is moving towards the resistance line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If AUD/USD continues in its current trajectory, we can expect it to reach 0.7018 within the next 2 days.
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