Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on AUDUSD?

Should we expect a breakout or a rebound on AUDUSD?

Should we expect a breakout or a rebound on AUDUSD? 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.

Target: 0.6408 Entry: 0.6433 Stop: 0.6443

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