AUDUSD: Cup-And-Handle Pattern

AUDUSD, H2

The asset managed to retest the 0.6530 resistance area. AUDUSD has formed the bullish Cup-And-Handle pattern, supposing the rise of the asset on a breaching above this pattern.

Consider a long trade on breaking above the 0.6530 resistance, with the target at the 0.6580 resistance level.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul

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