Past performance is not an indicator of future results.
AUDUSD is moving towards a line of 0.7742 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUDUSD continues in its current trajectory, we can expect it to reach 0.7742 within the next 16 hours.
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