AUDUSD will growth from support
The price continues to rise in an uptrend.
The trend is formed by two almost parallel lines.
They both appeared in June 2020.
A few days ago the price bounced off the resistance line of 0.781 and started to fall.
Over the past six months, the price has made only one false breakout of this line.
This is another reason to expect further decline.
After the price touched the 0.781 resistance and started to fall, I expect the price to:
- will fall to support 0.762 and push off from it.
- will rise to resistance.
Target - 0.791
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The trend is formed by two almost parallel lines.
They both appeared in June 2020.
A few days ago the price bounced off the resistance line of 0.781 and started to fall.
Over the past six months, the price has made only one false breakout of this line.
This is another reason to expect further decline.
After the price touched the 0.781 resistance and started to fall, I expect the price to:
- will fall to support 0.762 and push off from it.
- will rise to resistance.
Target - 0.791
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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