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14.01.2021 12:22 PM
AUDUSD is facing bullish pressure, potential for further upside!

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AUDUSD is facing bullish pressure from our first support in line with our ascending trend line, horizontal overlap support, 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a bounce above this level. Stochastic is approaching support as well.

Trading Recommendation

Entry: 0.77113

Reason for Entry:

ascending trend line, horizontal overlap support, 61.8% fibonacci retracement and 61.8% fibonacci extension

Take Profit: 0.78111

Reason for Take Profit:

horizontal swing high resistance

Stop Loss: 0.76715

Reason for Stop Loss:

38.2% fibonacci retracement and 78.6% fibonacci extension and horizontal swing low support

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
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