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FX.co ★ AUD/USD testing major support, remain bullish

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Forex Analysis:::2017-03-13T10:11:04

AUD/USD testing major support, remain bullish

We remain bullish looking to buy above 0.7517 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7632 resistance (Fibonacci retracement, horizontal overlap resistance).

RSI (34,5,3) is seeing bullish divergence vs price signalling a bounce is impending.

Buy above 0.7517. Stop loss at 0.7447. Take profit at 0.7632.

AUD/USD testing major support, remain bullish

Analyst InstaForex
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