DeGRAM

AUDUSD falling in channel

Short
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
The price is holding positions at the resistance line 0.779 and I extend my previous forecast.
Moving in the growing channel, the price touched the support 0.709.
After that, it grew evenly for three months.
The price did not show strong movements.
This growth has created another channel.
At the end of 2020, the price broke it at the 0.760 point.
Then it touched the resistance 0.777.
And she returned to the canal.
Now the price is at the resistance (zone + upper line of the rising channel) 0.777.
I expect her to fall to support.
The target is 0.755.

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