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

AUDUSD is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 10 days. If it tests this line again, it should do so in the next 2 days.

Supported by Upward sloping Moving Average

Target: 0.6573 Entry: 0.6514 Stop: 0.648

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