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AtlasTrades
Dec 4, 2022 11:47 AM

Australian Dollar can test the resistance line and start fall Short

Australian Dollar / U.S. DollarFOREX.com

Description

Hello my friends, today I want to talk to you about AUD/USD

The price formed an ascending wedge and is now inside.

Price is close to the resistance line and can test it.

Australian Dollar can rise to the resistance line, then bounce back and start to decline.

I expect that tomorrow after the opening of the market, the price after a possible retest can begin to decline.

I set 2 goals.

First goal is at a level 0.673 that coincides with the support line and second goal at a level 0.665

I expect such a scenario.

This is an article not financial advice, always do your own research.

If you still have questions, you can write it in the comments below and I will answer them.

And please don't forget to support this idea with your like and comment, thanks.
Comments
Tolberti
It's possible, thank you!
YMGroup
Great audusd fractal buddy ! I think its will go a little up...
Michael_Winner
Beautiful audusd idea mate. Thank you!
FOREXN1
Interesting Scenario here :) Thanks !
ProjectSyndicate
looks good to me good luck with the trade
Williamforex
Nice work
TheSignalyst
I agree Atlas. exactly the opposite of DXY. speculating a bearish movement then bigger bullish movement on DXY
TheNewsCrypto
Great Insights
RLinda
Thanks for sharing
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