Cabana Capitals Blog Technical Analysis A potential bearish movement on AUDUSD

A potential bearish movement on AUDUSD

A potential bearish movement on AUDUSD post thumbnail image

Emerging Head and Shoulders detected on AUDUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 0.65205 and it is expected to move to 0.6506.

Supported by Downward sloping Moving Average

Target: 0.6506 Entry: 0.6521 Stop: 0.6544

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