AUDUSD FALL after break of resistance level

This currency pair continues to rise in a very strong uptrend that it started after an equally strong collapse in March 2020. During this time, the price experienced sharp drops, but invariably it returned to growth. In the course of this growth, it even managed to break through the resistance level 0.775, to which it has not risen since 2018.

Also, the price was able to break through the resistance line 0.752 - this happened in December, but after a long movement above the line and touching the resistance level, the price still collapsed and broke through the line again already during the fall at the end of January 0.772.

Now the price is at the resistance level 0.775 and I expect that it will be able to break it again. However, it is important to note that this level is crossed by the strong resistance line that was formed in April 2020 and crosses the resistance level. So the price will definitely not be able to rise above it at the point 0.779. After the price touches the resistance line, I expect the drop to support 0.766.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻