Lingrid

AUDUSD reversal and FALL from strong RESISTANCE level

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
The price movement on the chart is now determined by two strong guidelines. This is a historically strong resistance level - in the larger TF you can see how many times the price has corrected movement within it.
And a support line since 2009! The price broke through it only twice - in 2014 and in December 2020 at the point 0.757, after which it began to grow.

In the process of this growth, the price came to the resistance zone at 0.778. I expect the price to fall from this resistance zone and come to the strong support line at 0.753. This is our goal.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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