Aurum Markets Blog Technical Analysis Big movement possible on AUDUSD

Big movement possible on AUDUSD

Big movement possible on AUDUSD post thumbnail image

The breakout of AUDUSD through the 0.6309 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, AUDUSD could test 0.6386 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

Supported by Upward sloping Moving Average

Target: 0.6386 Entry: 0.6323 Stop: 0.6278

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