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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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AUDUSD further rise towards descending trendline resistance expected!

analytics5ec1ec6d0a216.jpg

Trading Recommendation

Entry: 0.64248

Reason for Entry: 50% Fibonacci retracement.

Take Profit : 0.64734

Reason for Take Profit: descending trendline resistance, 100% Fibonacci extension

Stop Loss: 0.64023

Reason for Stop loss: Graphical swing low

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