Hello Traders ! On The Daily Time Frame, The AUDUSD Formed a Rectangle Pattern. Yesterday, The Price Broke The Support Level. This Key Level Becomes a New Resistance Level ! So, I Predict a Bearish Move 📉 TARGET: 0.63620🎯
Nice analysis. I like how the sell zone is based on multiple bounces off the level before the breakout occurred. The descending trendline aligning with the resistance zone is a good sign of bearish momentum. The pullback to the support zone that was broken is interesting, though. Let's see what happens.