AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.64602, 0.64816, 0.65083

Key Support Levels: 0.63702, 0.63185, 0.61998 

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It bounced back after testing a support level of 0.61998 The pair has continued to break a few resistance levels 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 shift the medium-term market structure to bullish. As of now the pair has broken and retested a minor level of 0.63702 before continuing the momentum.

Signal Idea:

Buy Market Order @ 0.64068

TP @ 0.64453

Stop Loss @ 0.63682

Trade Safely 🙂