AUDUSD: Key Levels to Watch 🇦🇺🇺🇸
Hey traders,
AUDUSD is nicely recovering after a strong bearish rally.
Here are key levels for you to watch on the pair:
Support 1:
The price is taking off from a major falling trend line matching the lower lows on a daily.
For now, it is the closest key support to watch.
Resistance 1: 0.703 - 0.7055
Resistance 2: 0.7255 - 0.727
Resistance 3: 0.734 - 0.7366
Resistance 4: 0.744 - 0.749
Resistance 5: 0.7654 - 0.766
Consider these key levels for potential buying/selling opportunities.
Once one of the key structures is reached, wait for a confirmation before you open a trading position.
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