AUD/USD surpassed resistance, potential further rise!


Price surpassed its resistance and we expect to see a further rise to its next resistance at 0.7012.

Entry : 0.6987

Why it's good : key resistance turned support, horizontal pullback support

Stop Loss : 0.6959

Why it's good : 38.2% Fibonacci retracement, horizontal swing low support

Take Profit : 0.6625

Why it's good : 23.6% & 38.2% Fibonacci retracement, horizontal pullback support


The material has been provided by InstaForex Company -