AUD/USD close to ascending trendline support

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Price drifted lower and is close to ascending trendline support where a bounce reaction is expected.

Entry: 0.67690

Why it’s good : 61.8% Fibonacci retracement, horizontal swing low support and ascending trendline support.

Stop Loss : 0.67600

Why it’s good : 100% Fibonacci extension

Take Profit : 0.68220

Why it’s good: 100% Fibonacci extension, horizontal swing high resistance

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

Source:: AUD/USD close to ascending trendline support

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