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 🙂