Michael_Winner

Australian Dollar can bounce off the resistance zone and fall

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Hello, dear traders, we are new here, so we ask you to support our ideas by asking "SUBMIT" and COMMENTS, and you can also freely ask any questions in the comments, we will try to answer everyone, thank you guys.

Today we will look at the price of AUD/USD .
I draw your attention to the chart, where we can see how the Australian Dollar formed a triangle and trades inside.
The price is traded close to the resistance zone and can do retest of this zone.
In my opinion, the price may bounce off the resistance zone and go down.
Therefore, I decided to set the target at 0.6680, which coincides with the support line.

I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits

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