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RLinda ! AUDUSD -> ascending triangle after a resistance break

AUDUSD while the dollar index is falling, the currency pair forms an exit from the descending price channel and forms an ascending triangle

RLinda ! AUDUSD-> Breaking resistance - bullish potential

Around the liquidity zone at 0.6750, a consolidation is forming, with the potential for a possible breakout and strengthening of the national currency. The bank crisis affected the dollar and the estimation of the situation, thus the currency went down.

I expect a breakthrough of the resistance at 0.6750 and further growth with a possibility of the final change of the trend in the near future. Short-term target is resistance at 0.68000, medium-term target is the liquidity zone at 0.6950.

Regards R.Linda!

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RLinda

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RLinda

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RLinda ! AUDUSD -> ascending triangle after a resistance break

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