AUDUSD is facing bullish pressure from our first support in line with our ascending trend line, horizontal overlap support, 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a bounce above this level. Stochastic is approaching support as well.
Trading Recommendation
Entry: 0.77113
Reason for Entry:
ascending trend line, horizontal overlap support, 61.8% fibonacci retracement and 61.8% fibonacci extension
Take Profit: 0.78111
Reason for Take Profit:
horizontal swing high resistance
Stop Loss: 0.76715
Reason for Stop Loss:
38.2% fibonacci retracement and 78.6% fibonacci extension and horizontal swing low support
