Chart Forecast: AUDUSD Ascending Channel Broken


AUDUSD pair is giving a good opportunity for a sell trade. We have good possibilities for price dropping below to our first target area @0.70650 level.

Price is around a strong resistance zone which is more visible on the higher timeframe like Weekly and Monthly timeframe. Our overall target for AUDUSD is @0.68000 which is about +500pips profits to the downside

Anifowose Ope is a professional trader and founder of Forex Optimal, I have been trading the forex market for many years and whatever the challenges new traders are facing I have been there.

I started my trading journey back in 2014 where I begin trading using various indicators that leads to losses in the market. After searching for alternatives, I found price action trading to be the best approach to the forex market My success in the financial market has given me a greater degree of independence than others.

With the knowledge I have acquired in the forex market I want to assist other traders to be able to profit from the market

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Chart Forecast: AUDUSD Ascending Channel Broken

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