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AUDUSD Future Direction Hinges on 0.6880
The AUDUSD may be gearing for a bullish breakout of its own. So far this week, we’ve seen several major currency pairs push higher. That includes the EURUSD from the confluence of support at 1.0990 that I’ve mentioned several times, including in Saturday’s video. We’ve also witnessed the NZDUSD confirm the inverse head and shoulders pattern and also take out the 0.6490 key level. And just today, the GBPUSD is up more than 100 pips after closing above 1.2980, as I pointed out in Tuesday’s forecast video. Of course, all of this is due to a weakening US dollar. But that isn’t a surprise for Daily Price ... (full story)