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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 broke above descending trendline resistance! Further rise expected!

analytics5f1e308d0b0a3.jpg

Trading Recommendation

Entry: 0.71070

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

Take Profit: 0.71619

Reason for Take Profit: -61.8% Fibonacci retracement

Stop Loss: 0.70872

Reason for Stop Loss: 61.8% Fibonacci retracement

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