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theforexarmy

AUDUSD above major support, turn bullish for a strong push up

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
theforexarmy  
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD audusdshort audusdidea audusddaily audusdnews audusdlong USD aud audusdanalysis audusd1hr audusdlongsetup audusdsell audusdforecast
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audusd audusdshort audusdidea audusddaily audusdnews audusdlong usd aud audusdanalysis audusd1hr audusdlongsetup audusdsell audusdforecast
Buy above 0.7659. Stop loss at 0.7604. Take profit at 0.7780.
Reason for the trading strategy (technically):
Price is above major support at 0.7659 (Fibonacci retracement, horizontal overlap support, pullback support, ascending support) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection).
RSI (34) is seeing ascending support holding price up really nicely.

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