TradingView
Mihai_Iacob
Apr 19, 2021 4:51 AM

AudUsd could rise to 0.7850 resistance Long

Australian Dollar/U.S. DollarFXCM

Description

After finding strong support and bids under 0.76, AudUsd has risen and broken above the descending trend line which can signal that the correction is over and the pair is resuming its uptrend.
Now Aussie is consolidating gains above 0.77 support and a new leg up could follow
In my opinion, dips towards this support should be bought and only a drop under 0.7650 would negate this scenario

Regards
Mihai Iacob
Comments
Serana2324
nice chart! thanks for sharing
Mihai_Iacob
@Serana2324, thanks for comm
MMBTtrader
such great job

more rise is expected

thanks for sharing
Mihai_Iacob
@MMBTtrader, thanks for comm
financialflagship
Looks like a very likely scenario. Thanks, I’m looking forward to it. 😊
CobraVanguard
keep the good work!
Henry_Ross
Great work
MarcellusLUX
Very good. I have a similar view on AU as well
More