AUD/USD Analysis, Key Points, and Trading Plan

Key Points:
Strong Support/Resistance: .63000
1 Hour Breakthrough & Retest Point: .61800
Next Target: .60000

AU is overall bearish in a trading range of .63000-.60000
We can potentially see a retest to .61800 before seeing more bearish momentum.

I will keep you updated on new information given throughout the week.

Trade active

We saw an initial push down from the point spoken of in the video. We are now seeing a pullback into the .61750 area.

We are still following market structure and would want to see a break of the structure at .61600 to then capture a move to the higher side to create new highs.

If there is no break at the .61600 level then we will continue to see more bearish momentum and a continuation of the market structure to new lows.

Trade closed: target reached

We have broken through the .61600 and pushed to the .61750 level as stated previously.

We have created a new high going into the market close around the .61750 level.

All trades have been closed, and we are now waiting for the next setup.
We will follow the momentum and price action of the charts moving forward.

Follow if you like these types of analysis, and tune in for a great year of trading in 2025!

AceTradingAcademy

~ Ace Trading Academy
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AceTradingAcademy

~ Ace Trading Academy
Discord Link: discord.gg/8jt52YTvzq

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