The AUDUSD is pushing the upper limit – well breaking through as I type . The next target comes in at 0.6331.
Admittedly, the price has been in a volatile up and down range over the last 7 or so days. The low of the range comes in at 0.62348. The high at 0.63016.
With the price now breaking outside that range, the buyers are making a play.
This article was written by Greg Michalowski at www.forexlive.com.
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