AUDUSD bounced off support, potential for further upside!

Trading Recommendation

Entry: 0.71426

Reason for Entry: Ascending trend line, horizontal overlap support, 61.8% fibonacci retracement, 61.8% fibonacci extension

Take Profit: 0.72406

Reason for Take Profit: Horizontal swing high resistance, 61.8% fibonacci extension

Stop Loss: 0.70866

Reason for Stop Loss: Horizontal swing low support