EUR/AUD right on channel support, buy now

Price is right on channel support at 1.4650. We consider buying at this level for a small push up to strong resistance at 1.4900.

RSI (21) is right on an area of support where we expect a bounce from.

Stochastics (21,3,3) is also bouncing above our 5% support signalling a bounce is fast approaching.

Buy above 1.4650. Stop loss at 1.4570. Take profit at 1.4900.

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

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