AUD/USD medium to long term ready to start uptrend, buying setup (13th may, 2022)

Attached is the chart of AUD/USD, Daily (upper), Weekly (middle), Monthly (lower) time frames.

3. Monthly (lower) has been in downtrend since 2012, after hitting covid time low in late 2020, it has been coming          up steeply & currently consolidating in FLAG PATTERN, looking to break upwards from supports & monthly support (S1) near .68550 ( big support @ .68140-.67930).

2. Weekly (middle) has been working in same FLAG PATTERN as well as FALLING WEDGE looking to break                   upwards from supports & there is Positive RSI divergence emerging too.

1. Daily (upper) has been working in falling wedge too confirming the ENTRY  into the trade from the supports.

RBA has already hiked the interest rate by 25bps to .35 (from .10 to .35), this will support the Australian Dollar.

PLAN :- Buying the pair between .68525-.68350 for the targets of .81075 medium term and .92500 long term.