AUD/USD Long-Term Trend: Bearish
Key Resistance Levels: 0.7287, 0.7325, 0.7381
Key Support Levels: 0.7184, 0.7149, 0.7095
The price on the higher time frame was moving in the bullish direction until it faced rejection and did a sharp reversal in the trend. The price broke the support level of 0.7277 with good momentum that confirms the bearish trend.
AUD/USD Medium-Term Trend: Bearish
On the lower time frame, the reversed the trend from the 0.7430 level and has continued the bearish move. Recently, the price has broken the trading range to the downside after failing to break to the upside. We have seen a retest and the price is continuing the momentum.
Sell Limit Order @ 0.7232
TP 1 @ 0.7190
TP 2 @ 0.7150
Stop Loss @ 0.7273
Trade Safely 🙂