AUD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.6775, 0.6798, 0.6832
Key Support Levels: 0.6751, 0.6738, 0.6691
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
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.
Buy Stop Order @ 0.6762
TP @ 0.6783
Stop Loss @ 0.6748
Trade Safely 🙂