AUDUSD holding above trendline support and looks for further upside!

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Trading Recommendation

Entry: 0.68984

Reason for Entry: Ascending trendline support, 23.6% Fibonacci retracement, moving average

Take Profit : 0.70823

Reason for Take Profit: -27.2% Fibonacci retracement

Stop Loss: 0.68015

Reason for Stop loss: 50% Fibonacci retracement

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