Cabana Capitals Blog Technical Analysis A potential bearish movement on AUDUSD

A potential bearish movement on AUDUSD

A potential bearish movement on AUDUSD post thumbnail image

AUDUSD is moving towards a key support level at 0.6513. AUDUSD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

Supported by Downward sloping Moving Average

Target: 0.6513 Entry: 0.6525 Stop: 0.653

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