AUDUSD: Important Breakout & Key Levels to Watch 🇦🇺🇺🇸
AUDUSD broke and closed above a resistance line of a major falling parallel channel on a daily.
With a consequent retest and positive bullish reaction, it looks like a bullish continuation will continue.
Here are the key levels to watch on AUDUSD:
Resistance 1:
0.74 - 0.743 supply area
Resistance 2:
0.759 - 0.762 supply area
Closest support - broken resistance of the channel.
If you missed a long opportunity,
consider the occasional retest of the broken channel.
For a pullback trade, let the price reach resistance 1 first.
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✅Join My Telegram Channel: t.me/VasilyTrading
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💰Instagram: instagram.com/VasilyTrader/ 💰
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✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.