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FX.co ★ AUD/USD on strong support, look for a bounce!

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Forex Analysis:::2019-09-09T05:41:54

AUD/USD on strong support, look for a bounce!

AUD/USD on strong support, look for a bounce!

AUDUSD is seeing strong support above 0.6822, look to play the bounce to 0.6879.

Entry: 0.6822

Why it's good : horizontal overlap resistance

23.6% Fibonacci retracement

Take Profit : 0.6879

Why it's good: 50%% fibonacci retracementStop Loss: 0.6796Why it's good: 38.2% Fibonacci retracement

Horizontal pullback support

AUD/USD on strong support, look for a bounce!

Analyst InstaForex
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