Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on AUDUSD

Either a rebound or a breakout imminent on AUDUSD

Either a rebound or a breakout imminent on AUDUSD post thumbnail image

AUDUSD is approaching the support line of a Channel Up. It has touched this line numerous times in the last 12 days. If it tests this line again, it should do so in the next 2 days.

Supported by Downward sloping Moving Average

Target: 0.6865 Entry: 0.6905 Stop: 0.6937

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