AUDUSD holding above ascending trendline support! Further upside potential!

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Trading Recommendation

Entry: 0.71399

Reason for Entry: Ascending trendline support, Moving average support, 23.6% Fibonacci retracement

Take Profit: 0.71882

Reason for Take Profit: -27.20% Fibonacci retracement

Stop Loss: 0.71995

Reason for Stop Loss: 38.2% Fibonacci retracement

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