FX.co - AUDUSD bounced off support, potential for further upside!

2020-08-11T02:32:39

Relevance until2020-08-12

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

*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 bounced off support, potential for further upside!