ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor AUD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.6989, 0.7050, 0.7105
Key Support Levels: 0.6893, 0.6803, 0.6718
Daily Chart:
The price on the higher time frame has recently reversed the direction after facing support at the 0.6710 level. It has formed a rejection wick and also broken the trendline along with a resistance level of 0.6851 which indicates bullish bias.
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 has been trading in a range of 0.6718 and 0.6803 for some time and recently the upper range was broken. It has also broken and retested another level of 0.6893
Signal Idea:
Buy Stop Order @ 0.6933
TP 1 @ 0.6982
TP 2 @ 0.7080
Stop Loss @ 0.6884
Trade Safely 🙂
