AUDUSD – psychological price line breached

Past performance is not an indicator of future results.
AUDUSD has broken through the resistance line of a Resistance. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 20 days and suggests a target line to be around 0.7262 within the next 3 days.

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