AUDUSD Triangle!

AUSTRALIAN DOLLAR / U.S. DOLLAR FX_IDC:AUDUSD

ForexTrendline

Hello, we are in one of the most important periods of the year – the end of the second quarter. At the same time in the midst of an epidemic, low interest rates and printing money.

Moreover, this week we have FOMC Minutes and Nonfarm Payrolls (Jun)!

All this means one thing – interesting market movements.

What we see in AUDUSD is a triangle. A triangle waiting to erupt in one of two directions. This is what we are waiting for!

And when it breaks out to see a good movement in this direction, which, based on everything said so far, has good reason to happen very soon.

Support levels:
0.6786
0.6674
0.6585

Resistance levels:
0.7016
0.7101
0.7182

more info

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