A Channel Up has formed, AUD/USD is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

AUD/USD - getting close to resistance of a Channel Up
AUD/USD was identified at around 0.66009 having recently rebounded of the support on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.6649 level.

Want to get full Autochartist Access including the Autochartist Market Scanner for MetaTrader, Market Report Emails,
Autochartist Mobile App, and the full Autochartist Web App?

Subscribe here: ChartViper Subscriptions
Join us on Telegram