AUD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.7897, 0.7929, 0.8007
Key Support Levels: 0.7837, 0.7803, 0.7763
The price on the higher time frame is posting higher highs and lows and managed to break the strong resistance around the 0.7803 USD mark. A lower correction has been posted to this level which is now a support. Further movement to the upside might be seen in the coming hours.
AUD/USD Medium-Term Trend: Bullish
On the lower time frame the pair trading above the resistance where the price entered a parallel channel. We expect a breakout to the upside and a rally all the way up to the target profit.
Buy Limit Order @ 0.7840
TP 1 @ 0.7896
TP 2 @ 0.7929
Stop Loss @ 0.7821
Trade Safely 🙂