As you can see clearly on the daily chart above, price has broken through the level and has pulled back to retest the broken support as resistance.
TO THE PIP!
This is the sort of thing that keeps me coming back to technical analysis time and time again.
Just keep an eye on the economic calendar with today’s RBA rate decision likely to be a little more lively than the most recent decisions thanks to the resurgence of Sydney/Melbourne house prices chatter.
Dane Williams – @VantageFX
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