linofx1

AUDUSD: Breakout & Bullish Forecast

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
The AUDUSD pair reached a new peak and closed higher on a 4-hour chart, breaking through a strong horizontal resistance level.

The shattered resistance level and a trend line now form a narrowing area of buying interest. I anticipate a rise in price from this point, with a target of 0.6650.

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