AUDUSD consolidate on resistance and fall
In September, the price broke through the 0.710 support line and entered the growing channel.
During the US elections, the price was quite unstable, but in the last month it has returned to the channel and is moving in it.
In addition to the lines of the channel itself, the price movement is influenced by a strong support line crossing it.
The price recently touched the resistance line (channel border) 0.748.
Rolled back.
Corrected again and touched the line.
After such a consolidation, I am confident that the next price move is a fall.
In my opinion, from the resistance line (channel border), the price will fall to the support line in the middle of the channel.
The target is 0.739.
-----------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
During the US elections, the price was quite unstable, but in the last month it has returned to the channel and is moving in it.
In addition to the lines of the channel itself, the price movement is influenced by a strong support line crossing it.
The price recently touched the resistance line (channel border) 0.748.
Rolled back.
Corrected again and touched the line.
After such a consolidation, I am confident that the next price move is a fall.
In my opinion, from the resistance line (channel border), the price will fall to the support line in the middle of the channel.
The target is 0.739.
-----------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.