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