We caught the bounce on AUDUSD absolutely perfectly and it is fast approaching our profit target. We remain bullish looking to buy on dips above major support at 0.7794 (Fibonacci extension, horizontal swing low support, bullish divergence) for the rise to at least 0.7868 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) has some good upside potential to go before we reach major resistance, this coincides with the profit target we're expecting at price.
Buy above 0.7794. Stop loss is at 0.7759. Take profit is at 0.7868.
