As you can see in AUDUSD, the price has returned after hitting the bottom of the channel. On the way back, it has two trend linesTR1 and TR2 also a resistance zone centered on the level of 0.6970 in front of it. We expect to see the price return by reaching this level. If the resistance level and the trend line TR1 is broken, it will be the target TR2.
Chart PatternsTrend Analysis

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