AUD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.7254, 0.7326, 0.7383
Key Support Levels: 0.7165, 0.7127, 0.7066
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
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.
Buy Stop Order @ 0.7192
TP 1 @ 0.7241
TP 2 @ 0.7290
Stop Loss @ 0.7143
Trade Safely 🙂