AUDUSD: ⬆️ Buy
– AUDUSD reversed from support area
– Likely to rise to resistance level 0.7050
AUDUSD currency pair recently reversed up from the support area between the support levels 0.6915 and 0.6865 (which have been reversing the price from July, stopping wave 2 at the end of July and waves A and C at the start and in the middle of October) and the lower daily Bollinger Band.
The upward reversal from this support area completed the ABC correction (2) from the middle of September and broke the daily down trendline from the middle of September.
Given the strength of the aforementioned support area and the recent breakout of the down trendline, AUDUSD currency pair can be expected to rise further toward the next resistance level 0.7050 – which stopped wave i at the start of August.
 and the lower daily Bollinger Band.){kind=link}