Lingrid | AUDUSD potential LONG from SUPPORT level

٤ أكتوبر

The price perfectly fulfills my last idea. AUDUSD has bounced off a resistance zone and subsequently reached the main support level after breaking the upward channel. The price is currently testing a level that has been respected multiple times on the daily timeframe. I'm monitoring this level closely; if the price makes a false break of the support level, I believe there is a strong chance it will bounce back. This is especially likely given the strong upward movement we have seen from this level previously. My goal is to resistance zone at 0.68730

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻