Breach of important price line imminent by AUDCHF

AUDCHF is moving towards a line of 0.6307 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUDCHF continues in its current trajectory, we may see it move towards 0.6307 within the next 23 hours.

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