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FX.co ★ AUDUSD broke below long term ascending trendline. Further drop now expected!

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Forex Analysis:::2020-04-15T06:56:17

AUDUSD broke below long term ascending trendline. Further drop now expected!

 AUDUSD broke below long term ascending trendline. Further drop now expected!

Trading Recommendation

Entry: 0.64029

Reason for Entry: -27.2% Fibonacci retracement, moving average and ascending trendline resistance

Take Profit : 0.63022

Reason for Take Profit: 38.2% Fibonacci extension

Stop Loss: 0.64324

Reason for Stop loss: Graphical swing high

Analyst InstaForex
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