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AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.66202, 0.66592, 0.66856

Key Support Levels: 0.65622, 0.65435, 0.64839

Daily Chart:

The price on the higher time frame has recently reversed the direction after it tested a support level of 0.62889 and bounced back. The pair has recently broken a major resistance level which suggests further trend continuation.

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 recently broke a consolidation zone of 0.64839 and 0.65435 and has sustained above that. As of now the pair has broken and retested a minor level of 0.65622 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.65759

TP @ 0.66152

Stop Loss @ 0.65366

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.

One comment

  1. Placed my buy stop,hopefully we smash tp

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