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AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.73804, 0.74305, 0.74400.

Key Support Levels: 0.73161, 0.72877, 0.72615.

Daily Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside after posting higher low. The market retraced to a strong demand zone where it posted an engulfing bullish pattern on this level. This could lead to a move upward in the coming hours.

AUD/USD Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 0.73302

Target Profit 1 @ 0.73804

Target Profit 2 @ 0.74305

Stop Loss @ 0.72799

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

2 comments

  1. I make profit with AUDJPY and AUDUSD when subcribe 1 year for my 1st day. Make 50% from what i have pay to your channel. Amazing.. only 1 day. Thks Bro.. keep it up. Will continue support you.

  2. Hello is this signal for 1hour or Daily and it’s for what time.kindly

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