AUD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.7317, 0.7374, 0.7425
Key Support Levels: 0.7223, 0.7194, 0.7166
Daily Time-frame:
The price on the higher time frame has finally broken the resistance level of 0.7231 that we were watching closely. We have seen many rejection wicks from the downside and the pair is showing momentum in the move.
AUD/USD Medium-Term Trend: Bullish
1-Hour Time-frame:
On the lower time frame, the price was trading in a range between 0.7223 and 0.7166. We saw that price broke the range previously but then there was a big move due to increased volatility across the market. As of now, price has broken that range again and sustaining above the support zone of 0.7247
Signal Idea:
Buy Stop Order @ 0.7271
TP 1 @ 0.7301
TP 2 @ 0.7333
Stop Loss @ 0.7240
Trade Safely 🙂