AUD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.71683, 0.71927, 0.72000.
Key Support Levels: 0.71188, 0.70876, 0.70500.
1-Hr Time Frame:
The price on the higher time frame is in a clear upward movement where it is bouncing inside a bullish channel formation. Higher highs and lows has been posted. The market left a correction count near the 0.7120 USD mark where a new bullish impulsive wave is expected in the coming hours.
AUD/USD Medium-Term Trend: Bullish
5-Mins Time Frame:
On the lower time frame, the price succeeded to break the bullish flag to the upside after finding bulls around the 50% Fibonacci retracement level. A lower correction could be seen to the highlighted zone before a new wave toward the target profits.
Buy Limit Order @ 0.71302
TP 1 @ 0.71683
TP 2 @ 0.71927
Stop Loss @ 0.71112
Trade Safely 🙂