AUDUSD showing great potential for a 60 PIP rise. We currently have a well tested ascending triangle formed showing great areas of support and resistance, on 4hr we can clearly see this has been forming a while and is currently at a significant point which has been held numerous times before. The ascending triangle follows after a strong bullish market after the lowest low of COVID-19 on the market in march. I can see price testing the resistance of the ascending triangle once more before deciding its outcome. RSI (13) has also showed clear points of oversold positions along this form of support which is hence why i am showing it in the analysis. Unfortunately the 200 EMA is not currently showing much but we could see price break above it very soon ! TP is set at 60 pips and SL at 35 PIPS.