RLinda

AUDUSD ! Long setup. Price growth from the support zone🦬

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD in an uptrending price channel . The price is forming a local reversal pattern relative to the 0.6979 level, but I assume it could be a correction to the support zone .

On the chart I have marked a support zone relative to the upward price channel , which is where I expect an upward reversal.

I assume that the price on the pullback may make a false break of the support of the price channel and continue its upward trend. The short-term target is resistance at 0.70354.

Regards R.Linda!

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