LarryBal

AUDUSD Long term BUY

LarryBal Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
It seems that the price finally starting to find some resistance after a long drop on a daily 71 fib level. This zone is also a place where the price meets its general trend. If price manages to hold this level a huge move up may happen, however if it does't we can expect drop till 78 fib. I recommend wait for a daily closure or a solid price action before entering the trade.
Trade active:
Due to price swings I recommend making this trade a risk free
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