Lingrid | AUDUSD Possible CHANNEL Breakout: Buying OPPORTUNITY

31 Okt

AUDUSD showed bullish momentum after bouncing off the support level, following a bullish divergence at that point. The market's recent move upward, particularly after taking liquidity below the 0.65500 level, suggests a short-term shift in sentiment. I expect that the market may be forming an ABC pattern heading toward the resistance zone, which could lead to a breakout of the channel. Additionally, the DXY has formed a bearish long-tailed bar at its resistance zone and is currently showing signs of moving down. This development is likely to support further bullish movement in the AUDUSD market. My goal is resistance zone around 0.66100


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