Main Quotes Calendar Forum
flag

FX.co ★ AUDUSD holding above ascending trendline support! Bounce incoming!

parent
Forex Analysis:::2021-03-11T10:17:36

AUDUSD holding above ascending trendline support! Bounce incoming!

 AUDUSD holding above ascending trendline support! Bounce incoming!

Price holding above ascending trendline support. A further push up above 1st support at 0.77247 towards 1st resistance at 0.77664. Price is holding above moving average support as well.

Trading Recommendation

Entry: 0.77247

Reason for Entry:

23.6% Fibonacci retracement, ascending trendline support, moving average support

Take Profit: 0.77664

Reason for Take Profit:

-27.2% Fibonacci retracement

Stop Loss: 0.77049

Reason for Stop Loss:

50% Fibonacci retracement

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...