Cabana Capitals Blog Technical Analysis Continuation pattern on AUDUSD

Continuation pattern on AUDUSD

Continuation pattern on AUDUSD post thumbnail image

AUDUSD moved through the resistance line of a Channel Down at 0.6726166666666665 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 0.6751.

Supported by Upward sloping Moving Average

Target: 0.6751 Entry: 0.6726 Stop: 0.6622

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