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 approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 5 hours.

Supported by Downward sloping Moving Average

Target: 0.6605 Entry: 0.6626 Stop: 0.6642

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