AUDUSD fall from resistance
In December, the price broke through the support line at 0.747 and returned to an uptrend (existed since March 2020).
The price fixed on the line around 0.752 and started to grow.
In early January, the price came to the resistance of 0.782 and then began to fall.
This is a strong resistance line formed in spring 2020.
The price never broke through it (but there were false breakouts).
Another resistance line has formed at the tops of the price.
During the fall from strong resistance at 0.782, the price touched the resistance line at 0.773.
This is a small line holding back the price growth throughout the month.
I expect the price to fall to support from resistance
The target is 0.763.
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The price fixed on the line around 0.752 and started to grow.
In early January, the price came to the resistance of 0.782 and then began to fall.
This is a strong resistance line formed in spring 2020.
The price never broke through it (but there were false breakouts).
Another resistance line has formed at the tops of the price.
During the fall from strong resistance at 0.782, the price touched the resistance line at 0.773.
This is a small line holding back the price growth throughout the month.
I expect the price to fall to support from resistance
The target is 0.763.
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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