FX.co - AUD/USD approaching major support, prepare to buy

2016-10-28T01:12:11

Long-term review

Price is approaching major support at 0.7560 (Fibonacci projection, Fibonacci retracement) where we expect a bounce up from towards 0.7652.

RSI (34) is above long term ascending support.

Buy above 0.7560. Stop loss at 0.7506. Take profit at 0.7652.

AUD/USD approaching major support, prepare to buy

*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 ★ AUD/USD approaching major support, prepare to buy