AUD/USD analysis for October 12, 2018


Recently, the AUD/USD pair has been trading upwards. The price tested the level of 0.7133. According to the H1 time – frame, I found a breakout of the intraday ascending triangle in the background, which is a sign that buyers are in control. My advice is to watch for buying opportunities. The upward take profit level is set at the price of 0.7183 (Fibonacci expansion 161.8%).

The material has been provided by InstaForex Company -