Cabana Capitals Blog Technical Analysis Breach of important price line imminent by AUDUSD

Breach of important price line imminent by AUDUSD

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AUDUSD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 13 hours.

Supported by RSI above 60

Target: 0.6504 Entry: 0.6521 Stop: 0.6538

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