Cabana Capitals Blog Technical Analysis Will AUDUSD have enough momentum to break resistance?

Will AUDUSD have enough momentum to break resistance?

Will AUDUSD have enough momentum to break resistance? post thumbnail image

Emerging Rising Wedge detected on AUDUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 0.65832 and it is expected to move to 0.6609.

Supported by Upward sloping Moving Average

Target: 0.6609 Entry: 0.6583 Stop: 0.6568

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