AUDUSD: Important Breakout & Key Levels to Watch 🇦🇺🇺🇸
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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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