Buy at 1.0630. Stop loss at 1.0536. Take profit at 1.0740.
Reason for the trading strategy (technically) :
We turn bullish above 1.0630 which is a strong support level (Fibonacci retracement + graphical support + EMA55 support) for a push up to 1.0740 which is a strong resistance level (Fibonacci projection + graphical resistance).
RSI (21) is now also holding above our 50% support signalling a bullish move is still in progress.
Reason for the trading strategy (technically) :
We turn bullish above 1.0630 which is a strong support level (Fibonacci retracement + graphical support + EMA55 support) for a push up to 1.0740 which is a strong resistance level (Fibonacci projection + graphical resistance).
RSI (21) is now also holding above our 50% support signalling a bullish move is still in progress.
Exness - AUDNZD turn bullish for a push up to 1.0740
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