$AUDUSD– will it Break?

The pair is currently @1.0405 and testing a breakout of the uptrend.  A clean break targets the 1.0340 support area and then the 0.786 Fibo @ 1.0279.  A bounce targets a move to the S3 area @ 1.0469.  The pair currently has an ATR of 82 Pips.

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Comment by muruganshibu on August 25, 2012 at 5:27am

yes ,its getting ready to break. with a range crossing 1.0303 in this week.

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