EUR/AUD bounced up above our 1.4500 support. Now we continue to play the weekly rise to the 1.5200 level. Our stop loss remains at 1.4370, which is long-term horizontal support + Fibonacci support. We can also see how RSI is doing a nice pullback onto descending support. The price is yet to fulfill it’s bullish divergence potential.

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Trading Recommendations:

Buy now and on dips

Stop loss is at 1.4370

Take profit is at 1.5200

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

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