AUDUSD – support line breached

Past performance is not an indicator of future results.
AUDUSD has broken through the support line of a Triangle technical chart pattern. 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 twice in the last 20 days and suggests a target line to be around 0.7020 within the next 3 days.

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