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AUD/USD Potential Downward Movement

AUD/USD Long-Term Trend: Bearish

Key Resistance Levels: 0.7088, 0.7148, 0.7213

Key Support Levels: 0.6967, 0.6920, 0.6858

Daily Chart:

The price on the higher time frame has been trading in a downtrend for a few weeks. The pair had faced a big rejection around 0.7600 level and picked up bearish momentum. As of now, the price has broken a support level of 0.7090 and is sustaining below that. 

AUD/USD Medium-Term Trend: Bearish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price broke the support level of 0.7075 after consolidating for some time. The price has done a retest of that level and is picking up momentum.

Signal Idea:

Sell Stop Order @ 0.7033

TP 1 @ 0.6981

TP 2 @ 0.6929

Stop Loss @ 0.7085

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.

6 comments

  1. Hello I’ve received a a 5% discount in order to renew the VIP, how can I apply it? thx

    • Hi Max, sorry this discount doesn’t exist. It was programmed in by our developer, but he’s in Russia and can’t fix it. Our code function has no discount capability.

  2. not a good trade…

  3. How do I join your signal group

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