AUD/USD Long-Term Trend: Bearish
Key Resistance Levels: 0.6679, 0.6709, 0.6766
Key Support Levels: 0.6641, 0.6621, 0.6601
The price on the higher time frame has been in a downtrend for some time and recently the pair did a pullback and faced resistance at the 0.6783 level. It has broken a level of 0.6682 which suggests further trend continuation.
AUD/USD Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.6766 and 0.6709 and sustained below that. Recently the pair has broken and retested a minor level of 0.6679 before continuing the momentum.
Sell Stop Order @ 0.6664
TP @ 0.6645
Stop Loss @ 0.6683
Trade Safely 🙂