AUDUSD falling from resistance line
Recently the price touched the resistance line.
This is not the strongest line on the chart - from September 2020.
However, over the past few weeks, it has been holding back prices.
Together with an even smaller support line from the first week of November, they form a small upward channel.
Touches can be easily traced.
Recently the price rose to the resistance line 0.738 and started to fall.
The fall will continue in the channel.
I expect it to come to the 0.731 support line.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This is not the strongest line on the chart - from September 2020.
However, over the past few weeks, it has been holding back prices.
Together with an even smaller support line from the first week of November, they form a small upward channel.
Touches can be easily traced.
Recently the price rose to the resistance line 0.738 and started to fall.
The fall will continue in the channel.
I expect it to come to the 0.731 support line.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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