Cabana Capitals Blog Technical Analysis AUDUSD is on the approach

AUDUSD is on the approach

AUDUSD is on the approach post thumbnail image

AUDUSD is about to retest a key horizontal resistance level near 0.6533. 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 Upward sloping Moving Average

Target: 0.6533 Entry: 0.6492 Stop: 0.6474

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