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maryammh
Feb 2, 2023 6:15 AM

#AUDUSD  

Australian Dollar/U.S. DollarFXCM

Description

In the previous analysis, the expected ranges worked very accurately and we obtained the first target in the decreasing scenario by forming a divergence in the range of 0.70484, then 2 ranges of 0.70484 and 0.70588 are strong support to obtain ascending targets in the ranges of 0. 71159 and 0.71306.
The 2 scenarios we expected easily covered each other.

Now, in continuation of the above formed trend, we can expect a target in the range of 0.71795 with a break of the range of 0.71600, and after that, with a break of the range of 0.71795, we can expect the next target up to the ceiling of the channelized space in the range of 0.71984. .
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