FX.co ★ AUDUSD push up above ascending trendline support!

AUDUSD holding above moving average support and 23.6% Fib retracement. MACD is above 0 as well showing room for further bullish momentum. A short term push up towards 1st resistance at 76.200 can be expected.

Trading Recommendation

Entry: 0.71498

Reason for Entry:

50% fib retracement, moving average, ascending trendline support

Take Profit : 0.72031

Reason for Take Profit:

Recent swing high

Stop Loss: 0.71011

Reason for Stop loss:

Recent swing low