AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.7202, 0.7259, 0.7313

Key Support Levels: 0.7131, 0.7095, 0.7050

Daily Chart:

The price on the higher time frame has been in an uptrend recently after ir broke a resistance level of 0.6663 It has now found support at the 0.6896 level and bouncing back after testing that level which shows 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. It broke a resistance level of 0.7095 after bouncing back from a support level of 0.7050. As of now it has broken and retested a minor level of 0.7131 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.7159

TP @ 0.7195

Stop Loss @ 0.7123

Trade Safely 🙂