AUD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.7751, 0.7835, 0.8008
Key Support Levels: 0.7662, 0.7590, 0.7466
The price on the higher time frame managed to break out of the bullish flag formation to the upside. We are expecting a correction count to the daily support level around the 0.7662 USD. After this the pair might rally again upward.
AUD/USD Medium-Term Trend: Bullish
On the 4-hr time frame, the price posted a big bullish candlestick to be able to break the blue trendline. A lower correction might be seen to the 0.7662 USD mark where we have a 61.80% Fibonacci retracement level. This could lead to a move upward to the 0.7746 USD.
Buy Limit Order @ 0.7665
TP 1 @ 0.7746
TP 2 @ 0.7835
Stop Loss @ 0.7624
Trade Safely 🙂