According to this chart, AUD/USD will keep pushing upward. If you look at Bull Resistance and support trendline, It's positive ahead. Dynamic resistance and support trendline indicating the same.
It has touched both in last trading day. Hence, we can initiate new positions in the buy-side.
TP1: 0.7208
TP2: 0.7246+
Long-term target: 0.73000
The breakdown of the support trendline may show sideways movements. But focus on the trend changer level (0.71200). The breakout of this trendline means a downtrend. That could move for S1 and S2.
It has touched both in last trading day. Hence, we can initiate new positions in the buy-side.
TP1: 0.7208
TP2: 0.7246+
Long-term target: 0.73000
The breakdown of the support trendline may show sideways movements. But focus on the trend changer level (0.71200). The breakout of this trendline means a downtrend. That could move for S1 and S2.
Trade closed: target reached:
The first target of AUD/USD has come.
Trade closed: target reached:
All target of AUD/USD has come.