FX.co ★ AUD/USD reaching profit target, remain bullish

Price has shot up and is approaching our profit target. We remain bullish looking to buy on weakness above 0.7549 support (Fibonacci retracement, horizontal support) for a further push up to 0.7632 resistance (Fibonacci retracement, horizontal overlap resistance).

RSI (55) sees a bullish exit made signalling a change in momentum to bullish.

Buy above 0.7549. Stop loss at 0.7487. Take profit at 0.7632.