fxplan

AUDUSD: Buy at 0.7600

AUSUSD: tested 0.7570 support, and has edged slightly higher, breaks below could see downside to 0.7500-0.7400, upside break above 0.7600 could target 0.7650-0.7850.

Trading Tips: .

  • Upside: next levels will be the Fibo. of 2014-16 drop at 0.7850 (38.2%), 0.8000(psychological resistance) and .8166 (50% Fibo.).
  • Downside: break below 0.7400(resistance turned support) would turn  bias back to bearish.

Strategy: Buy

  • Buy @0.7600, SL 0.7550, TP @ 0.7750

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