AUDUSD has broken through a line of 0.6738 and suggests a possible movement to 0.6751 within the next 7 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Supported by Upward sloping Moving Average
Target: 0.6751 Entry: 0.674 Stop: 0.6727
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Rising Wedge pattern identified on AUDUSD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the