Aurum Markets Blog Technical Analysis AUDUSD approaching support level

AUDUSD approaching support level

AUDUSD approaching support level post thumbnail image

The price of AUDUSD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

Supported by Downward sloping Moving Average

Target: 0.6443 Entry: 0.6489 Stop: 0.6507

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