A breakdown of the local resistance level 0.7815 (April highs and the upper border of the descending channel on the daily chart) will be a signal for the resumption of long positions (see "Fundamental Analysis and Recommendations")
with a distant target at 0.8160 (the upper border of the ascending channel on the weekly chart).
Support levels: 0.7744, 0.7705, 0.7600, 0.7560, 0.7510, 0.7465, 0.7300
Resistance levels: 0.7815, 0.7850, 0.7980, 0.8000, 0.8160
Trading Recommendations
Sell Stop 0.7720. Stop-Loss 0.7820. Take-Profit 0.7705, 0.7600, 0.7560, 0.7510, 0.7465, 0.7300
Buy Stop 0.7820. Stop-Loss 0.7720. Take-Profit 0.7850, 0.7980, 0.8000, 0.8160
*) for trading, I choose THIS BROKER and use VPS (to receive a bonus, enter the promo code - zomro_17601)
**) AUD/USD: Current Fundamental Analysis and Market Expectations
***) the most up-to-date "hot" analytics and trading recommendations (including entries into trades "by-the-market") - https://t.me/fxrealtrading
***) trade! invite partners! earn!
