AUDUSD holding above ascending trendline support. With price holding above moving average as support, we see a probability of a further push up above our 1st support at 0.73465 towards graphical swing high resistance and 1st resistance at 0.74057.
Trading Recommendation
Entry: 0.73465
Reason for Entry:
50% Fibonacci retracement, Ascending trendline support
Take Profit: 0.74057
Reason for Take Profit:
-27.2% Fibonacci retracement
Stop Loss: 0.73058
Reason for Stop Loss:
Graphical swing low
