AUD/USD eyeing a break of 67c?
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The Aussie posted a strong rally from the April low to may high. It has predominantly traded in the sideways range since then, but more recently we've seen two higher lows form within the range. And over the past two-and-a-bit weeks, intraday breaks me 64 cents have resulted in closes above it. I'm a bullish pressure appease to be building in that range.
The bias is for a retest of $0.67 and potential break above it. dips towards 0.6620 could appeal to balls in anticipation of a break higher with a move above point 0.6714 bringing 0.6750 and even $0.68 into focus.
The bias is for a retest of $0.67 and potential break above it. dips towards 0.6620 could appeal to balls in anticipation of a break higher with a move above point 0.6714 bringing 0.6750 and even $0.68 into focus.
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