AUD/USD profit target reached, remain bullish for a further push up
Price has bounced up and reached our profit target perfectly. We prepare to buy above 0.7377 support (Fibonacci retracement, horizontal overlap support) for a further push up towards 0.7441 resistance (Fibonacci retracement, horizontal pullback resistance, Elliott wave theory). Stochastic (34,5,3) has made a bullish exit and sees further upside potential. Correlation analysis: AUD/USD has a […]