AUDUSD rising

598
At the beginning of last week we saw a decline in AUDUSD.
It seems to be over, as we have a break above the trendline and previous peaks.

The downward trend of H1 ended with an inverted head and shoulders.

We now expect an upward movement to start, with the first resistance being 0.7811.

The ultimate goal is to reach 0.7887

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.