AUD/USD Heading up
Price bounced off support @ 0.71464 and the .382 Fib retracement. Target set at the 1.618 Fib Extension which is in confluence with Resistance Level @ 0.72843
Note
correction 0.382 not 0.82 fib retracement.Note
Also Stocastic in the Buy Zone.Trade active
Note
Price has corrected deeper. If the Bulls are still in control Expect to see retest at the back of the prior down trendline.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.