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AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.6825, 0.6869, 0.6912

Key Support Levels: 0.6753, 0.6729, 0.6666

Daily Chart:

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

1-Hour Chart:

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.

Signal Idea:

Buy Stop Order @ 0.6782

TP 1 @ 0.6819

TP 2 @ 0.6875

Stop Loss @ 0.6745

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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