Breaking News

AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.6775, 0.6798, 0.6832

Key Support Levels: 0.6751, 0.6738, 0.6691

1-Hour Chart:

The price on the higher time frame has recently been in an uptrend after it bounced back from a major support level of 0.6705 with good momentum. It has continued to break a resistance level of 0.6748 which suggests a bullish bias.

AUD/USD Medium-Term Trend: Bullish

5-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a resistance level of 0.6738 and sustain above that. As of now the pair has broken and retested a minor level of 0.6751 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.6762

TP @ 0.6783

Stop Loss @ 0.6748

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.

2 comments

  1. Could I try this on trading 212??? It’s convenient for my on my phone as not able operate on pc would that works fine too? What would you say about it

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!