AUDUSD above major support, remain bullish
Buy above 0.7659. Stop loss at 0.7604. Take profit at 0.7780.
Reason for the trading strategy (technically):
Price is testing major support at 0.7659 (Fibonacci retracement, horizontal overlap support, pullback support, ascending support) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection).
RSI (34) is seeing ascending support holding price up really nicely.
Reason for the trading strategy (technically):
Price is testing major support at 0.7659 (Fibonacci retracement, horizontal overlap support, pullback support, ascending support) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection).
RSI (34) is seeing ascending support holding price up really nicely.
