Confirmed breakout on AUDUSD 4 hour chart

AUDUSD has broken through a line of 0.6504. If this breakout holds true, we could see the price of AUDUSD heading towards 0.6453 within the next 21 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

Supported by Downward sloping Moving Average

Target: 0.6453 Entry: 0.6489 Stop: 0.6538