We see that during the growth, the price approached the resistance line - it is the line of a short upward. However, it began to fall without touching it and is now close to the support line.
Since the price recently touched this line and is now growing, this can be regarded as a correction and consolidation. Therefore, I think that the price will rise first and...
Currently, AUD/USD is trading at 0.6977. The pair may start a new down trend if it breaks the support level at 0.6953. Previously, the pair was trading in an up trend and is now moving towards its support level . The pair may start a new down trend if it breaks the support level , then its first target price will be at 0.6893 and the second target price will be at...
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (69.25). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis
Please support this idea with LIKE if you find it useful.
Price was supported by Ichi Cloud zone. In case we have a confirmed breakout of Ichi Cloud, also breakout of the Descending Channel , we can initiate a short position.
Be careful at this point as it might be a rejection, which can lead to retracement to downward
Thank you for reading this idea! Hope it's...
