After a prolonged decline against the background of the growth of the US dollar, the pair reached the level from June of last year and at the moment it is growing. Now we expect the price to advance to the resistance level near the mark of 0.7640.
Since at the moment it seems on the chart that the inverted double top pattern was formed, we expect the movement upwards from the base level to the size of the formed figure.
Currently there is no data that can expand the market, but tomorrow morning construction reports data will be published in Australia. It can strengthen the Australian dollar and accelerate the movement of the pair.
We advise you to take long positions on the pair. Use the resistance levels from which correction is possible as targets.
