A few days ago, the price made a false breakout of the resistance line.
This line has existed since 2019.
תמונת-בזק
The price had no more than three touches of this line.
Each time it turned around.
In my opinion, a false breakout is not a reason to expect growth.
I expect the price to fall again after the breakout.
Since there is no reason for growth in the form of strong support.
I expect the price to reverse and fall towards the next support.
The target is 0.747.

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AUDUSDForexshortTrend Analysis

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