Lingrid

AUDUSD will FALL after short growth

Short
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
November for this pair began with a strong unstable movement, accompanied by large pullbacks and corrections.

But now, since the second half of the month, the pair has entered the zone between the two lines: resistance and support, and movements have become more uniform and predictable.


These lines passing through the most significant points of contact are not entirely parallel, therefore, we cannot yet say that a channel has formed.
However, as often happens in channels, here, too, a resistance-support line was formed approximately in the middle. At the moment, she acts as support.

And I expect that the price from it will first rise to the resistance line of 0.736. And then it will fall to the support line 0.727.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

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