AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.65218, 0.65672, 0.65959

Key Support Levels: 0.64601, 0.64352, 0.63988

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It tested a support level of 0.63988 and bounced back. The pair has also broken 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 recently to shift the short term trend to bullish. As of now the pair has broken and retested a minor level of 0.64601 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 0.64867

TP @ 0.65195

Stop Loss @ 0.64538

Trade Safely 🙂

This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.

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