AUD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.7282, 0.7378, 0.7461
Key Support Levels: 0.7204, 0.7165, 0.7114
The price on the higher time frame has shown a few rejections from the downside. The pair has also broken the upper trendline and is moving in the bullish direction after the retest. We expect the price to pick momentum and continue the move.
AUD/USD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in a higher-high, higher-low formation and recently broke a resistance level of 0.7221 and did a retest. We expect the pair to maintain a bullish move as long as it respects the trendline.
Buy Stop Order @ 0.7242
TP 1 @ 0.7268
TP 2 @ 0.7309
Stop Loss @ 0.7216
Trade Safely 🙂