AUD/USD: Watching for a Swing Long as Key Levels Hold

AUD/USDLongSwing3d ago3 views

Trade Setup

Entry Price

0.64941

Stop Loss

0.64522

Take Profit

0.65779

Risk : Reward

1 : 2.00

RiskReward

Market Structure and Price Action


The AUD/USD pair has been in a clear sideways trend for a while now, with the price currently sitting at 0.65025. Over the last 24 hours, we've seen a slight dip of -0.00175 (-0.27%), ranging between 0.64763 and 0.65287. What stands out to me is how the price has been respecting specific levels. We're seeing immediate support around 0.6476 and then stronger support at 0.645. On the upside, 0.6529 is acting as a near-term ceiling, with 0.655 being the next significant hurdle

Comments

Loading comments...