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AUD/USD Potential Downward Movement

AUD/USD Long-Term Trend: Bearish

Key Resistance Levels: 0.6841, 0.6863, 0.6891

Key Support Levels: 0.6811, 0.6795, 0.6765

1-Hour Chart:

The price on the higher time frame has been in a downtrend recently after it faced resistance at the 0.6918 level and reversed. The pair has continued the momentum and has broken the support level of 0.6864 which shows a bearish bias. 

AUD/USD Medium-Term Trend: Bearish

5-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a level of 0.6863 and sustained below that. As of now the pair has broken and retested a minor level of 0.6841 before continuing the momentum.

Signal Idea:

Sell Stop Order @ 0.6829

TP @ 0.6801

Stop Loss @ 0.6845

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.


  1. Is this still valid?im hoping it would retrace back.late to the party

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