AUDUSD holding above ascending trendline support. With MACD looking to cross above 0, we see a further build up of bullish momentum. A further push up above our 1st support at 0.73587 towards our 1st resistance of 0.73943 could be possible.
Trading Recommendation
Entry: 0.73587
Reason for Entry:
38.2% Fibonacci retracement, ascending trendline resistance
Take Profit: 0.73943
Reason for Take Profit:
78.6% Fibonacci retracement
Stop Loss: 0.73420
Reason for Stop Loss:
Graphical swing low support
