AUD/USD Long-Term Trend: Bearish
Key Resistance Levels: 0.6841, 0.6863, 0.6891
Key Support Levels: 0.6811, 0.6795, 0.6765
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
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.
Sell Stop Order @ 0.6829
TP @ 0.6801
Stop Loss @ 0.6845
Trade Safely 🙂