RLinda ! AUDUSD-> Breaking resistance - bullish potential
AUDUSD from the opening of the session makes another attempt to break the downtrending price channel. A new bullish momentum is forming. What's next?
A break of the resistance of the descending channel is a delayed reaction to last week's news. The dollar got a little bit lower with the press release (technically it made a false-break and is making a correction), and thus the Australian national currency starts to strengthen and headed after the false-break of the 50 SMA towards the resistance at 0.67140 .
I expect that the price can form a small reversal from the resistance and in the midterm it can continue growing to 0.67977, and then to 0.69180.
Regards R.Linda!
A break of the resistance of the descending channel is a delayed reaction to last week's news. The dollar got a little bit lower with the press release (technically it made a false-break and is making a correction), and thus the Australian national currency starts to strengthen and headed after the false-break of the 50 SMA towards the resistance at 0.67140 .
I expect that the price can form a small reversal from the resistance and in the midterm it can continue growing to 0.67977, and then to 0.69180.
Regards R.Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
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🧿 Web: rlinda.com
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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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.