FX.co ★ AUD/USD

Hello traders, Currently, the currency pair AUDUSD is in an uptrend, with the strength of buyers confirmed by the 120-period moving average below the price. The Zig Zag indicator also shows an upward structure as the lows and highs are increasing. The strength of bulls is confirmed by the hourly candle closing above the moving average at the level of 0.6570. Buying positions seem more favorable than selling at the moment. I believe it's best to consider buying from the level of 0.6570, with the first take profit at 0.6610, the second target at 0.6650, and a stop loss for both orders at 0.6540. Selling could be considered after the pair breaks below and consolidates under the price level of 0.6510. The take profit for sell positions is set at 0.6470, with the stop loss at 0.6540. Let's analyze the fifteen-minute chart to confirm the buying opportunities.