Aurum Markets Blog Technical Analysis Confirmed breakout on AUDUSD 1 hour chart

Confirmed breakout on AUDUSD 1 hour chart

Confirmed breakout on AUDUSD 1 hour chart post thumbnail image

AUDUSD has broken through 0.6320 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, AUDUSD may be heading towards 0.6237 within the next 3 days.

Supported by Downward sloping Moving Average

Target: 0.6237 Entry: 0.6303 Stop: 0.6341

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