AUDUSD ! Rollback before further growth😎

٢٥ يوليو ٢٠٢٢

AUDUSD after a false breakdown of the range support goes to the long zone and trades above the level of 0.6829. The local trend changes to upward.

On the chart we see strong momentum after the false breakdown and renewal of the local tops with increased trading volumes, which indicates the market's mood to grow.

I assume that a local correction can be formed, the price is testing resistance and a local descending level and consolidates under 0.69118, after which I expect a fall. The short-term target is the support at 0.6829.

Regards R. Linda!