AUCAD UP THEN DOWN TREND
After in early February the price was able to break through the strong resistance zone of 0.973, where the trend line and the strong level crossed, it showed a steady growth. The price continues to grow even now, practically without making any corrections. It is located near the thorn resistance line. This line was formed in February 2020. The price has broken this line several times, but since September it has been moving within it. Therefore, the first thing I expect is that the price will complete the rally and touch this resistance line at the 1.005 point. After that, it will fall to the 0.989 support line.
After in early February the price was able to break through the strong resistance zone of 0.973, where the trend line and the strong level crossed, it showed a steady growth. The price continues to grow even now, practically without making any corrections. It is located near the thorn resistance line. This line was formed in February 2020. The price has broken this line several times, but since September it has been moving within it. Therefore, the first thing I expect is that the price will complete the rally and touch this resistance line at the 1.005 point. After that, it will fall to the 0.989 support line.