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AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.7595, 0.7647, 0.7713

Key Support Levels: 0.7452, 0.7373, 0.7312

Daily Time-frame:

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

1-Hour Time-frame:

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.

Signal Idea:

Buy Stop Order @ 0.7531

TP 1 @ 0.7586

TP 2 @ 0.7642

Stop Loss @ 0.7476

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

2 comments

  1. Is the trade going as expected?

    • Hi,
      We do our analysis and find good signals but not every trade goes as we wish and that is why we have SL in the system.
      As long as SL is not breached we are in the game.
      Happy trading 🙂

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