AUD/USD bounced off major support as expected, remain bullish

Price dropped perfectly to our major support at 0.7560 (Fibonacci projection, Fibonacci retracement) as expected, where we expect a bounce up from towards 0.7652.

RSI (34) is above long term ascending support.

Buy above 0.7560. Stop loss at 0.7506. Take profit at 0.7650.

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

From www.instaforex.com http://ift.tt/2eKXpJp