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AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.7254, 0.7326, 0.7383

Key Support Levels: 0.7165, 0.7127, 0.7066

Daily Chart:

The price on the higher time frame has recently reversed from the downtrend and has formed higher lows. The pair broke a resistance level of 0.6990 and has sustained above that. Another resistance level of 0.7144 has been broken with good momentum, we expect the move to continue.

AUD/USD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price traded between a range of 0.7066 and 0.7127 for some time and then the upper range was broken. The price has retest that level and continues the momentum.

Signal Idea:

Buy Stop Order @ 0.7192

TP 1 @ 0.7241

TP 2 @ 0.7290

Stop Loss @ 0.7143

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.

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