**Monthly Chart**
AUDUSD last month's candle closed bullish indicating a shift in an intermediate trend towards targeting the next high at 0.6900 - 0.7000 level. If this trend breaks then the next target will be around 0.72000.
**Weekly Chart**
As per the weekly chart, the price shows that it is in a range. Therefore, I will be watching for a good opportunity to buy before the market moves higher and breaks the next target high at around 0.7000 level. However, the price might also have a countertrade if it is unable to break the high, which can be identified in the lower time frame.
**Daily Chart**
Counter Trend -Short
Trend trade - Long
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.