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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUD/USD on strong support, look for a bounce!

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AUDUSD is seeing strong support above 0.6822, look to play the bounce to 0.6879.

Entry: 0.6822

Why it's good : horizontal overlap resistance

23.6% Fibonacci retracement

Take Profit : 0.6879

Why it's good: 50%% fibonacci retracementStop Loss: 0.6796Why it's good: 38.2% Fibonacci retracement

Horizontal pullback support

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