FX.co ★ AUDUSD reacting above ascending trendline support! Further bounce incoming!

Price holding above ascending trendline support. A further push up above 1st support at 0.76209 towards 1st resistance at 0.76672 could be possible. Price is holding above moving average support as well..

Trading Recommendation

Entry: 0.76209

Reason for Entry:

23.6% Fibonacci retracement, Moving average support, ascending trendline support

Take Profit: 0.76672

Reason for Take Profit:

-27.2% Fibonacci retracement

Stop Loss: 0.76066

Reason for Stop Loss:

50% FIbonacci retracement