This pair is moving from 2 weeks between 1.63500 - 1.61500 , today due to EUR weakness the price broke in 4h timeframe the MA's as you can see from the chart.
A clean break with a closure below 1.61500 would lead to a downside potential till 1.60 zone.
Don't forget that in some hours there will be important news about australian dollar , so this pair might be really volatile during asian session.
Look closely for it , AUD's news might be the trigger to break this range! Have a nice day people
A clean break with a closure below 1.61500 would lead to a downside potential till 1.60 zone.
Don't forget that in some hours there will be important news about australian dollar , so this pair might be really volatile during asian session.
Look closely for it , AUD's news might be the trigger to break this range! Have a nice day people