Hello friends
In the AUDUSD currency pair, we see an upward rally that has completed 5 complete waves
Now we expect the formation of wave A
If the price breaks the upward trend line and makes a pullback, we expect the price to drop to the 0.6670 range.
If this level breaks, a drop to the 0.6525 range is not far off.
If the resistance level of 0.9900 is broken, our hypothesis is invalid.
Note: Trend numbers are psychologically considered a static resistance, now if combined with a resistance in the past, they will become more powerful.
Be successful and profitable
In the AUDUSD currency pair, we see an upward rally that has completed 5 complete waves
Now we expect the formation of wave A
If the price breaks the upward trend line and makes a pullback, we expect the price to drop to the 0.6670 range.
If this level breaks, a drop to the 0.6525 range is not far off.
If the resistance level of 0.9900 is broken, our hypothesis is invalid.
Note: Trend numbers are psychologically considered a static resistance, now if combined with a resistance in the past, they will become more powerful.
Be successful and profitable