AUDUSD Rise After Retrace
As you see in the 4H time frame, price is in a strong uptrend and has made a bullish structure with higher highs and higher lows.
Currently, price has approached to the resistance level at 0.6675 and is struggling to break it, but I expect downside push and a throwback near the support zone.
Afterwards, we can expect a continuation of rising towards the marked green levels around 0.6730-0.6770 and in the case of an upside breakout on this area, the next target would be around 0.69
What is your opinion about AUDUSD? Feel free to share your ideas in the comments.
Currently, price has approached to the resistance level at 0.6675 and is struggling to break it, but I expect downside push and a throwback near the support zone.
Afterwards, we can expect a continuation of rising towards the marked green levels around 0.6730-0.6770 and in the case of an upside breakout on this area, the next target would be around 0.69
What is your opinion about AUDUSD? Feel free to share your ideas in the comments.
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