AUD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.7595, 0.7647, 0.7713
Key Support Levels: 0.7452, 0.7373, 0.7312
The price on the higher time frame has been in an uptrend for the last few weeks and we have seen that the price is respecting the support and resistance levels. We expect the pair to pick up momentum again as the USD cools down.
AUD/USD Medium-Term Trend: Bullish
On the lower time frame, the price is moving in the major trend’s direction. The price has formed a higher-high, higher-low formation and it has been moving in a structural upward trend. The pair is sustaining above 0.7492 level after doing a retest of the breakout.
Buy Stop Order @ 0.7531
TP 1 @ 0.7586
TP 2 @ 0.7642
Stop Loss @ 0.7476
Trade Safely 🙂