FX.co ★ AUD/USD profit target reached perfectly, prepare to buy

The price has dropped perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 0.7846 (Fibonacci retracement, horizontal pullback support) for a push up to at least 0.7938 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (21,5,3) is seeing strong support above 7.2% where we expect a bounce from.

Buy above 0.7877. Stop loss is at 0.7846. Take profit is at 0.7938.