AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.63082, 0.63491, 0.63825

Key Support Levels: 0.62340, 0.62043, 0.61421

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a support level of 0.61421 and bounced back. The pair has broken another resistance level with good momentum 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 broke a trendline to confirm the short term trend. As of now the pair has broken and retested a minor level of 0.62340 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 0.62653

TP @ 0.63000

Stop Loss @ 0.62306

Trade Safely 🙂