FX.co ★ AUD/USD has dropped perfectly to buying level

As expected, the price has dropped perfectly to our major support at 0.7575 (Fibonacci projection, Fibonacci retracement, horizontal support) from which we expect a bounce for a push up to 0.7645.

Stochastics (21,3,3) has bounced off 12% support triggering a bullish move.

Buy above 0.7575. Place stop loss at 0.7525 and take profit at 0.7645.