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AUD/USD Potential Downward Movement

AUD/USD Long-Term Trend: Bearish

Key Resistance Levels: 0.64710, 0.65166, 0.66244

Key Support Levels: 0.64303, 0.64015, 0.63795

4-Hour Chart:

The price on the higher time frame has been in a downtrend recently after it faced resistance at the 0.66150 level and reversed. The pair has continued to break a few resistance levels which suggests further trend continuation.

AUD/USD Medium-Term Trend: Bearish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.66244 and 0.65166 and has sustained below that. As of now the pair has broken and retested a minor level of 0.64710 before continuing the momentum.

Signal Idea:

Sell Stop Order @ 0.64578

TP @ 0.64383

Stop Loss @ 0.64773

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 free trade FROM VIPUL or Pat

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