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.
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