AUD/USD Made A Bullish Exit From Its Descending Resistance Line, Remain Bullish
April 18, 2018 4:22 am
AUD/USD broke out of its descending resistance line where we look to buy on weakness at 0.7746 (38.2% Fibonacci retracement, horizontal overlap support) where we expect prices to rise to its resistance at 0.7845 (76.4% Fibonacci retracement, 100% Fibonacci extension).
RSI (89) shows a corresponding break out where we expect to see a similar drop.
Buy above 0.7746. Stop loss at 0.7708. Take profit at 0.7845.
The material has been provided by InstaForex Company – www.instaforex.com
AUD/USD broke out of its descending resistance line where we look to buy on weakness at 0.7746 (38.2% Fibonacci retracement, horizontal overlap support) where we expect prices to rise to its resistance at 0.7845 (76.4% Fibonacci retracement, 100% Fibonacci extension).
RSI (89) shows a corresponding break out where we expect to see a similar drop.
Buy above 0.7746. Stop loss at 0.7708. Take profit at 0.7845.
The material has been provided by InstaForex Company – www.instaforex.com
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