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FX.co ★ AUD/USD remain bullish above support

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Forex Analysis:::2017-02-28T16:35:55

AUD/USD remain bullish above support

We remain bullish above the 0.7668 support (long-term ascending support, horizontal support, Fibonacci extension) for a further push up to the0.7733 resistance (Fibonacci extension, horizontal resistance).

The RSI (34) is seeing strong support above the 41% level where we expect the price to continue to rise from.

Buy above 0.7668. Stop loss at 0.7646. Take profit at 0.7733.

AUD/USD remain bullish above support

Analyst InstaForex
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