Cabana Capitals Blog Technical Analysis AUDUSD broke through important 0.6864 price line

AUDUSD broke through important 0.6864 price line

AUDUSD broke through important 0.6864 price line post thumbnail image

AUDUSD is once again retesting a key horizontal support level at 0.6864. 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.

Supported by Downward sloping Moving Average

Target: 0.683 Entry: 0.6857 Stop: 0.6916

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