AUDUSD has just reached a resistance level that has been tested and rejected multiple times. We can expect the price to fall down and test support levels. If you zoom in on the daily chart, you can see that a double bottom pattern has formed which is a bullish pattern. However, if AUDUSD will continue the bullish trend, she will most likely need to come and test the neckline level once more before continuing the bullish trend. Our first TP will be the neckline.
Please give a thumbs up if you agree with the idea and if there are any questions, feel free to comment down below.
Please give a thumbs up if you agree with the idea and if there are any questions, feel free to comment down below.