AUD/USD profit target reached once again, prepare for another bounce

Price has dropped absolutely perfectly as expected and has reached our profit target. We now prepare to buy above 0.7628 major support (Fibonacci extension, horizontal swing low support, long-term Fibonacci retracement) for a push up to at least 0.7730 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,3,1) is seeing major support above 0.6% where we expect a corresponding bounce from.

Buy above 0.7628. Set stop loss at 0.7556 and take profit at 0.7730.

analytics59ffbcc05045a.png

The material has been provided by InstaForex Company - www.instaforex.com