Past performance is not an indicator of future results.
AUDUSD is moving towards the resistance line of a Channel Up 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 AUDUSD continues in its current trajectory, we can expect it to reach 0.7890 within the next 2 days.
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