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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The movement of AUDUSD towards 0.6677 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 11 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

Supported by Upward sloping Moving Average

Target: 0.6677 Entry: 0.6665 Stop: 0.666

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