Good day, dear traders. Yesterday, we proposed the idea that against the background of the Bank of Australia's minutes of the meeting on monetary policy, the AUD / USD pair will grow from a false breakout of 0.67060, to important daily stop levels.
This idea was built around today's event on 01:30 London time:
Today, the pair broke the desired level of 0.67060. Let me remind you that we expected a false breakout (breakdown and return), however, as you can see, the breakdown was indeed true, but it did not return to the broken level. Because of this, the idea to buy AUD / USD from a false breakdown can be considered not to have taken place, due to the absence of a false breakdown.
In general, the potential of the pair's medium-term growth to the level of 0.67763 remains. It is necessary to wait for signals within the framework of the trading strategy.
Good luck in trading and control your risks!
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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