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FX.co ★ AUD/USD approaching key support level, prepare to buy

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Forex Analysis:::2016-11-14T11:11:43

AUD/USD approaching key support level, prepare to buy

We are ready to buy above major support at 0.7520 (Fibonacci projection, horizontal support area) to see a bounce up to at least 0.7606.

RSI (34) is also above a major 36% support level.

Buy above 0.7520. Stop loss at 0.7498. Take profit at 0.7606.

AUD/USD approaching key support level, prepare to buy

Analyst InstaForex
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