# AUD/USD Rising Trend Line Bounce (April 24, 2014) Source: https://www.tradersway.com/resources/market-info/aud-usd-rising-trend-line-bounce-april-24-2014/ Language: en Updated: 2014-04-24 Description: Explore AUD/USD Rising Trend Line Bounce (April 24, 2014). AUD/USD. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. AUD/USD has sold off because of the weak Australian CPI reading but this might merely spark a large correction for the pair’s ongoing uptrend. On the 4-hour time frame, a rising trend line can be drawn to connect the lows of the price since mid-January this year. Using the Fibonacci retracement tool on the latest swing high and low shows that the 50% Fib is in line with the trend line and former resistance area. Stochastic is already in the oversold zone, suggesting that selling pressure is exhausted. ![AUD/USD Rising Trend Line Bounce (April 24, 2014)] Going long at .9230 with a stop below the 61.8% Fibonacci retracement level and .9200 could yield a high return on risk with a target of the previous highs around .9450. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/aud-usd-rising-trend-line-bounce-april-24-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/aud-usd-rising-trend-line-bounce-april-24-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/aud-usd-rising-trend-line-bounce-april-24-2014/", "headline": "AUD/USD Rising Trend Line Bounce (April 24, 2014)", "inLanguage": "en", "datePublished": "2014-04-24T11:59:01+00:00", "dateModified": "2014-04-24T11:59:01+00:00", "articleSection": "Market Info", "description": "Explore AUD/USD Rising Trend Line Bounce (April 24, 2014). 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