AUD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.72816, 0.73605, 0.74260.
Key Support Levels: 0.72248, 0.71721, 0.71116.
Daily Time Frame:
The price on the higher time frame managed to break the bearish channel to the upside after a sell climax near the bottom of this pattern. The market changed direction and moved from downward movement to an upward by posting higher lows.
AUD/USD Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price succeeded to break the bullish flag to the upside with the help of the buyers near the bespoke support level (Highlighted Zone). A lower correction could be seen to the highlighted area before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 0.72296
TP 1 @ 0.72782
TP 2 @ 0.73605
Stop Loss @ 0.72054
Trade Safely 🙂