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AUD/USD Potential Downward Movement

AUD/USD Long-Term Trend: Bearish

Key Resistance Levels: 0.65281, 0.65615, 0.65936

Key Support Levels: 0.64508, 0.64215, 0.63878

Daily Chart:

The price on the higher time frame has recently been in a downtrend. It tested a resistance level of 0.65936 and reversed back. The pair has also broken a few support levels which suggests further trend continuation.

AUD/USD Medium-Term Trend: Bearish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a support area recently to shift the short term trend to bearish. As of now the pair has broken and retested a minor level of 0.65281 before continuing the momentum.

Signal Idea:

Sell Limit Order @ 0.64928

TP @ 0.64551

Stop Loss @ 0.65306

Trade Safely 🙂

This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.

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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.

One comment

  1. Thank you very much sir looking forward to getting in your VIP one day

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