Weekly-Montly AUD/USD chart analysis

7 de mai. de 2021

AUDUSD

There is a strong Bullish Trend on the chart, However, its been tested several times on the support and resistance zone which makes it looks like gonna make a new trend

If the price move below the support zone, it would make the Bearish Trend

And if the price move above the resistance zone, it would continue the previous Bullish Trend

im aiming the price to go bearish and here my future setup

Entry Point = 0.74810

Take Profit 1
162.3 pips = 0.73187

Take Profit 2
273.4 pips = 0.72076

Take Profit 3
380.3 pips = 0.71007

Stop Loss
122.2 pips = 0.76032