Cabana Capitals Blog Technical Analysis AUDUSD – psychological price line breached

AUDUSD – psychological price line breached

AUDUSD – psychological price line breached post thumbnail image

The price of AUDUSD in heading in the direction of 0.6479. Despite the recent breakout through 0.6437 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

Supported by Upward sloping Moving Average

Target: 0.6479 Entry: 0.6452 Stop: 0.6424

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