AUDUSD: Ascending Channel!

AUDUSD, H2

AUDUSD navigates within an ascending channel and faces the crucial 0.6300 resistance zone.

The Alligator’s lips cross the jaw down, potentially signaling a decline; however, the trend is strong.

If the price breaks above the 0.6300 resistance, it may rise toward 0.6330.
However, if the retest fails, the asset may retreat to the 0.6260 support.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul