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RLinda
Mar 22, 2023 8:30 AM

RLinda ! AUDUSD -> ascending triangle after a resistance break  

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD while the dollar index is falling, the currency pair forms an exit from the descending price channel and forms an ascending triangle



Around the liquidity zone at 0.6750, a consolidation is forming, with the potential for a possible breakout and strengthening of the national currency. The bank crisis affected the dollar and the estimation of the situation, thus the currency went down.

I expect a breakthrough of the resistance at 0.6750 and further growth with a possibility of the final change of the trend in the near future. Short-term target is resistance at 0.68000, medium-term target is the liquidity zone at 0.6950.

Regards R.Linda!

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Comments
TheSignalyst
thanks for the update dear Linda. I am keeping a close eye on AUDUSD too
RLinda
@TheSignalyst, thanks mate)
Hociemocie
right on!
ProjectSyndicate
nice follow through buying after fomc
AkhiPrajapati
Good job done
RLinda
@AkhiPrajapati, thank u)
LegionQ8
So far, so good dear!
basictradingtv
keep it up Linda!
Gold-Tech
Good look at the market. Competent analysis.
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