Important price line breached by AUDUSD

Past performance is not an indicator of future results.
AUDUSD has broken through a line of 0.7055 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 0.7085 can be expected within the next 10 hours.

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