AUD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.74141, 0.74800, 0.76071
Key Support Levels: 0.73390, 0.72383, 0.72300
The price on the higher time frame the price is traded between two key levels which are the support and resistance with the values respectively 0.73390 & 0.74141 USD. The price is trying to reverse after a series of lower lows and highs.
AUD/USD Medium-Term Trend: Bullish
On the lower time frame, the price succeeded to break the bearish channel formation to the upside. It retraced to the higher zone around the 0.73614 USD where we expect a move higher in the opposite direction of the main trend.
Buy Limit Order @ 0.73614
TP 1 @ 0.74128
TP 2 @ 0.74141
Stop Loss @ 0.73446
Trade Safely 🙂