EUR/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.68595, 1.69205, 1.69827
Key Support Levels: 1.67377, 1.66442, 1.65580
The price on the higher time frame has been in an uptrend recently after it tested a support level of 1.62299 and bounced back. The pair has continued to break a few levels and a trendline which suggests further trend continuation.
EUR/AUD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.65580 and 1.66442 and has sustained above that. As of now the pair has broken and retested a minor level of 1.67377 before continuing the momentum.
Buy Limit Order @ 1.67919
TP @ 1.68544
Stop Loss @ 1.67291
Trade Safely 🙂