Lingrid | AUDUSD short from KEY Resistance

AUDUSD is approaching the upper boundary of the upward channel. After breaking through the range zone and extending its upward momentum, the price is now facing resistance. On the daily timeframe, the market has repeatedly bounced off this resistance zone, leading me to believe that it will rebound again. The price action has formed a double top, followed by a pullback, indicating that bears are gaining strength. I expect the market to move up slightly before falling back down and continuing its consolidation phase. My target is the support level at 0.65860.


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻