AUD/USD profit target is reached, prepare to buy for a short term correction

The price has dropped perfectly to our profit target and bounced off it. We prepare to buy above 0.7577 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7642 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing a nice bounce above 4% with good upside potential.

Buy above 0.7577. Stop loss is at 0.7556. Take profit is at 0.7642.


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