AUDUSD ! False range breakout. Will we grow? 🤩

After the downtrend stops at 0.68292, AUDUSD forms a side range on the resistance rollback at 0.72520, where it has been trading for quite a long time.

At the end of the last session, the price breaks through the support, but, as we can see, there is no fall, a return to the level of 0.6829 is formed.

I suppose if the price enters the range and closes above the support, a false breakout is formed and then we can expect the price to rise to the short-term target - 0.69118, and the medium-term - the local liquidity zone 0.6993

Sincerely, R. Linda!

İşlem aktif:

+60 pips in moment ✅🤩

Excellent result. The price fulfills my idea as intended. Above support, the orders of buyers and the seller were activated, thus, they began to form an increase of almost 1%