Lingrid | AUDUSD target for SHORT PositionThe price perfectly fulfilled my previous idea. It went up and hit the target. FX:AUDUSD has recently formed an equal low, followed by a bounce off the support level, which is now being tested against the resistance and upward trendline area. On the daily timeframe, we can observe that the market briefly dropped below the significant level of 0.66500, which has acted as both a strong support and resistance zone in the past. This suggests that the bears are currently in control, as they have managed to push the price below this level. On the 4H chart, the market appears to be ranging, with the price pulling back after an initial impulse leg. With bearish momentum building, I expect a test of the support level in the near future. My target is 0.66075 support level.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻