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Korora
Jun 1, 2017 6:42 AM

AUD/USD bouncing up nicely, remain bullish  Long

Australian Dollar/U.S. DollarFXCM

Description

Price has started to bounce up really nicely. We remain bullish above 0.7441 support (Fibonacci retracement, horizontal swing low support, bullish divergence) for a push up to at least 0.7510 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong support above the 5.1% where stochastic is bouncing up nicely from and also sees bullish divergence versus price signalling that a bounce is impending.

Comments
LaiptaiCervinskas
Hello fellow trader,
Please check this idea bellow:

Sincerely,
Trader.
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