FX.co ★ AUD/USD is bouncing up perfectly, remain bullish

The price has finally bounced up nicely from our buying area perfectly. We now look to buy above 0.7632 support (Fibonacci retracement, horizontal overlap support) for a further push up to 0.7684 resistance (Fibonacci retracement, Fibonacci extension, and horizontal swing high resistance).

Stochastic (34,5,3) has seen a strong bullish divergence which still has some good upside potential for the price to rise up into.

Buy above 0.7619. Stop loss is at 0.7583. Take profit is at 0.7684.