FX.co - AUDUSD broke above descending trendline resistance! Further rise expected!

2020-07-27T01:41:01

Long-term review

Trading Recommendation

Entry: 0.71070

Reason for Entry: Ascending trendline support, Descending trendline support, 23.6% Fibonacci retracement

Take Profit: 0.71619

Reason for Take Profit: -61.8% Fibonacci retracement

Stop Loss: 0.70872

Reason for Stop Loss: 61.8% Fibonacci retracement

*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 ★ AUDUSD broke above descending trendline resistance! Further rise expected!