DESCRIPTION:
Yesterday, after breakout to the upside from down slope channel, this currency reversed back again to the down slope channel. Now the movements hold the rate at the 50% Fibo support 1.0531. But as long as the candle does not close below 1.0485, the AUD/USD pair is still in a Bullish situation.
Recommendation:
BUY at 1.0576.
Stop loss is at 1.0566.
Take profit is at 1.0590.
OR
SELL at 1.0499.
Stop loss is at 1.0509.
Take profit is at 1.0485.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com
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