AUD/USD: Technical Outlook
The price action has given a break out after the bullish divergence and printed the first higher high and higher low.
Buyers will remain in control above the neckline support.
While forming the cup and handle, we observed a bullish divergence.
The upside trend remains valid above 0.66213.
Trade Plan
Stop Loss: 0.66212
Entry Level: 0.66686
Ideal Entry Level: 0.67154 - If taking a trade on this price then TP2 mentioned here will be considered as 1st TP
TP 1: 0.67159
TP 2: 0.67638
The price action has given a break out after the bullish divergence and printed the first higher high and higher low.
Buyers will remain in control above the neckline support.
While forming the cup and handle, we observed a bullish divergence.
The upside trend remains valid above 0.66213.
Trade Plan
Stop Loss: 0.66212
Entry Level: 0.66686
Ideal Entry Level: 0.67154 - If taking a trade on this price then TP2 mentioned here will be considered as 1st TP
TP 1: 0.67159
TP 2: 0.67638