FX.co - AUDUSD bouncing off ascending trendline support! Further push up expected.

2020-05-13T03:07:32

Long-term review

Trading Recommendation

Entry: 0.64516

Reason for Entry: Ascending trendline support

Take Profit : 0.65364

Reason for Take Profit: 76.4% Fibonacci retracement, recent swing high

Stop Loss: 0.64333

Reason for Stop loss: Recent swing low, 78.6% Fibonacci extension

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ AUDUSD bouncing off ascending trendline support! Further push up expected.