Lingrid

AUDUSD return to trend and fall

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FOREXCOM:AUDUSD   Dólar Australiano/Dólar Americano
During the rise in the upward trend, which began in June 2020, the price was able to break through the strong support level of 0.772. She moved along this level for some time, well entrenched on it. And when the price broke through the support trend line last week, the level did not let it fall again.

This bounce off the level is very important as it gives the price strong support. After it, the price rose to the resistance 0.798 and now I expect the price to reverse from this line and fall back to support. Thus, my final target is the support line at 0.784.

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

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