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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 bounced off support, potential for further upside!

analytics5f32033338f11.jpg

Trading Recommendation

Entry: 0.71426

Reason for Entry: Ascending trend line, horizontal overlap support, 61.8% fibonacci retracement, 61.8% fibonacci extension

Take Profit: 0.72406

Reason for Take Profit: Horizontal swing high resistance, 61.8% fibonacci extension

Stop Loss: 0.70866

Reason for Stop Loss: Horizontal swing low support

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