AUDUSD LONG
AUDUSD has broken the trendline and the strong bullish momentum might carry it through 0.76780 immediate resistance and target the upper level of 0.77136
which is a 61.8% Fibonacci Retracement / Extension and a horizonal overlay support.
RSI (default) is also approaching its major support level at 51.08%, a good precursor for a potential rise in price should it break off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
which is a 61.8% Fibonacci Retracement / Extension and a horizonal overlay support.
RSI (default) is also approaching its major support level at 51.08%, a good precursor for a potential rise in price should it break off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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.