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AUD/USD: next target and the reasoning behind it

Por Investroy
As it can be inferred from the graph, after months of bearish movements, the price is finally reversing to the upside. Deriving from the current situation that can be observed on the DAILY timeframe chart, the price has nicely broken above the Lows illustrated on the graph and re-tested the local zone. From here, we are pretty positive that the price will keep rising and reach the area of resistance identified on the chart
AUDUSDForexforextradinginvestroypriceactionSupport and ResistanceTechnical AnalysisTrend AnalysisTrend Lines
Investroy
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