Main Quotes Calendar Forum
flag

FX.co ★ AUD/USD profit target reached once again, prepare for another bounce

parent
Forex Analysis:::2017-11-06T01:37:42

AUD/USD profit target reached once again, prepare for another bounce

Price has dropped absolutely perfectly as expected and has reached our profit target. We now prepare to buy above 0.7628 major support (Fibonacci extension, horizontal swing low support, long-term Fibonacci retracement) for a push up to at least 0.7730 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,3,1) is seeing major support above 0.6% where we expect a corresponding bounce from.

Buy above 0.7628. Set stop loss at 0.7556 and take profit at 0.7730.

AUD/USD profit target reached once again, prepare for another bounce

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...