AUDUSD - Holding above 0.7100 could trigger a rally

Apr 14

AUDUSD is attempting to break through the consolidation resistance amid a weakening dollar due to geopolitical factors. The bullish trend may continue



The dollar is falling amid de-escalation in the Middle East. Markets are reversing, and the Australian dollar is strengthening.
Consolidation is forming against the backdrop of an uptrend. Compared to other pairs, this currency pair looks more poised to continue its upward movement. The price is breaking through resistance, and holding above the key level could trigger distribution

Resistance levels: 0.70950, 0.7143, 0.7168
Support levels: 0.7084, 0.7053

As part of the battle for resistance, a reversal pattern has formed, creating an intermediate bottom in the 0.7078 zone, confirming readiness for growth. Consolidation above 0.710 could support further growth toward 0.714

Best Regards, R. Linda!

Apr 14

Trade active

Apr 15

Trade closed: target reached