FX.co ★ AUD/USD profit target reached perfectly, time to start buying

The price has dropped perfectly and reached our profit target as expected. We now look to buy above 0.7517 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7632 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (55,5,3) is seeing strong support above the 6.4% level where we expect a bounce up.

Buy above 0.7517. Stop loss is at 0.7447. Take profit is at 0.7632.