AUDUSD rise to 0.70368

Greetings traders,

For AUDUSD, I’m expecting this pair to rise up to the weekly level of 0.70368 in the next couple days. Viewing AUDUSD from the Daily chart, it recently broke through a falling trendline and is currently going bouncing on a rising trendline. On the 4H, we can see several pin bars forming on the support trendline, acting as a confluence for us to enter. Stops will be placed around the area of 0.69103.