AUDUSD holding above trendline support! Further rise expected!

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Trading Recommendation

Entry: 0.69930

Reason for Entry: 100% Fibonacci extension, ascending trendline support, moving average support

Take Profit: 0.70141

Reason for Take Profit: -27.2% Fibonacci retracement

Stop Loss: 0.69764

Reason for Stop Loss: 23.6% Fibonacci retracement

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