Cabana Capitals Blog Technical Analysis AUDUSD approaching important bullish key level

AUDUSD approaching important bullish key level

AUDUSD approaching important bullish key level post thumbnail image

AUDUSD is about to retest a key horizontal resistance level near 0.6544. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Target: 0.6544 Entry: 0.6516 Stop: 0.6502

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