FX.co - AUD/USD target reached again! Time to play a bounce

2019-08-30T03:08:58

Relevance until2019-08-31

Price has reached our target form yesterday. Today we're looking to play a bounce up to 1st resistance.

Entry: 0.6710

Why it's good : 61.8% Fibonacci extension, 78.6% fibonacci retracement

Stop Loss : 0.6690Why it's good : Enough space for a bounce

Take Profit : 0.6750

Why it's good: Fibonacci extension and retracement, overlap resistance

AUD/USD target reached again! Time to play a bounce

*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 target reached again! Time to play a bounce