AUDUSD breakdown and return to SUPPORT level. Next - GROWTH

At the beginning of last week, the price touched the resistance line 0.799 and after that it collapsed. During the growth, it managed to break through the resistance line 0.784 and the level 0.775, after which it still stopped at the strong support line 0.771.

This support line, like the rest of the lines on the chart, has existed on the chart since spring 2020. Therefore, it is not surprising that the price returned from it to the support level of 0.775. After such a sharp drop, there will definitely be a corrective growth and I expect the price to rise to the resistance line of 0.787.

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