Australian Dollar / U.S. Dollar
Long
Updated

AUD/USD.1Day chart pattern

356
AUDUSD 1 DAY CHART

📊 Observations:

Price has broken out of a resistance zone around 0.65500.

There are two key targets drawn on the chart:

1. First target zone: ~0.66800


2. Second (major) target zone: ~0.69000





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🎯 Target Estimations:

Using the breakout base near 0.65000 and measuring the move:

✅ First Target:

Around 0.66700 – 0.66800

This aligns with previous structure and resistance from mid-2024.


✅ Second Target:

Around 0.68800 – 0.69000

Based on a larger measured move and previous highs from July–August 2023.



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🚨 Key Support:

Breakout support around 0.65000

Cloud (Ichimoku) support & structure at 0.64000 (critical invalidation level)


Let me know if you'd like help calculating stop-loss, lot size, or risk-reward for this setup.
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