AUD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.6825, 0.6869, 0.6912
Key Support Levels: 0.6753, 0.6729, 0.6666
The price on the higher time frame has recently reversed the direction after it found support at the 0.6260 level. It bounced back and broke a level of 0.6398 The pair tested another level of 0.6599 and continued the trend.
AUD/USD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It has broken a consolidation zone of 0.6666 and 0.6729 and sustained above that. The pair has now broken and retested a minor level of 0.6753 before continuing the momentum.
Buy Stop Order @ 0.6782
TP 1 @ 0.6819
TP 2 @ 0.6875
Stop Loss @ 0.6745
Trade Safely 🙂