empty
 
 
09.02.2021 09:47 AM
AUDNZD above ascending trendline support! Further rise incoming!

This image is no longer relevant

Price holding above ascending trendline support and moving average support. A further push up above 1st support at 1.06626 towards 1st resistance at 1.06906 can be expected.

Trading Recommendation

Entry: 1.06626

Reason for Entry:

38.2% Fibonacci retracement, ascending trendline support

Take Profit: 1.06906

Reason for Take Profit:

-61.8% and 50% Fibonacci retracement

Stop Loss: 1.06479

Reason for Stop Loss:

23.6% Fibonacci retracement

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback