rauan
Long

AUDUSD: further recovery to 0.7080

FX:AUDUSD   Australian Dollar/U.S. Dollar
As expected AUDUSD             has declined back to September lows, then recovered to current price level.

In short term persperctive I expect the pair to bounce from instant dynamic support at 0.7000 up to 0.7080 (38.2% Fibo retracement level and ascending trendline from September minimum levels). Stop loss set below 0.6945.

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In mid term perspective we could see zigzag completion, targeting 0.7380.

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Trade active: AUDUSD has tested described 0.6945 support and managed to recover from it. Target moved to 0.7060 (R1 + yellow line).
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