EUR/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.6061, 1.6170, 1.6276
Key Support Levels: 1.5882, 1.5779, 1.5653
The price on the higher time frame has been in an uptrend after it found support around the 1.4280 level and reversed direction. The pair has broken a consolidation zone and now it broke a resistance level of 1.5694 which shows bullish signs.
EUR/AUD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It consolidated for some time between a range of 1.5487 and 0.5653 and has broken the upper range. As of now it has broken and retested a minor level of 1.5882 before continuing the momentum.
Buy Stop Order @ 1.5959
TP 1 @ 1.6049
TP 2 @ 1.6184
Stop Loss @ 1.5869
Trade Safely 🙂