MEX_Exchange
Long

AUDUSD is above strong support, remain bullish

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD             has made a bullish exit and is hovering over a strong support area , great opportunity to go long.

Buy above 0.7837. Stop loss at 0.7776. Take profit at 0.7983.
Reason for the trading strategy (technically):
Price is hovering nicely above major support at 0.7837 ( Fibonacci retracement , horizontal pullback support, ichimoku cloud , ascending support) and a bounce can push us up to at least 0.7983 resistance ( Fibonacci retracement , horizontal swing high resistance).
RSI (55) sees that we’ve made a bullish exit of our long term descending resistance line and our short term ascending support is holding our momentum up really nicely.
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