AUD/USD Long-Term Trend: Bearish
Key Resistance Levels: 0.7179, 0.7231, 0.7272
Key Support Levels: 0.7090, 0.7038, 0.6990
The price on the higher time frame has been in a downtrend for quite some time and recently we say a retest at price after the fall. It touched the trendline resistance and was rejected from there. We should expect the trend to maintain momentum.
AUD/USD Medium-Term Trend: Bearish
On the lower time frame, the price has shown a strong downtrend just like the higher timeframe. There is a downtrend and we saw a pullback in price recently. After a big wick rejection, the price is continuing towards the trend and we expect some momentum.
Sell Limit Order @ 0.7127
TP 1 @ 0.7065
TP 2 @ 0.7031
Stop Loss @ 0.7157
Trade Safely 🙂