Elkana Roveglia BA
Takemytrades.com
Following on from my weekly blog posted on Sunday 28.02.16 we are seeing the ascending triangle pattern been kept intact. AUDUSD pair bounced off the support area (yellow single line) and started to move upwards. We are now at resistance area again which marks the top of the ascending triangle. Once we break above resistance we will expect a buy move. We know that 3rd wave is an impulsive wave so expect an impulsive move too. First target @ 0.7300. If the pair will shows more strength I will look for second target @ 0.7344/50 area.
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