AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.7195, 0.7251, 0.7331

Key Support Levels: 0.7091, 0.6992, 0.6950

Daily Chart:

The price on the higher time frame has been consolidating after a bearish run and it made a range of 0.6865 and 0.6991 the upper range is now broken with momentum and the price has sustained above that which indicates a 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 broke the upper range of a consolidation zone with good momentum and has sustained above that. It has now broken and retested a minor level of 0.7091 before continuing the momentum. 

Signal Idea:

Buy Stop Order @ 0.7139

TP 1 @ 0.7192

TP 2 @ 0.7245

Stop Loss @ 0.7086

Trade Safely 🙂