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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUD/USD approaching resistance, potential reversal coming!

analytics5cec94e10e1b1.jpg

Price is approaching our first resistance where we might see a corresponding drop in price.

Entry : 0.6933

Why it's good : 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance

Stop Loss : 0.6969

Why it's good : 50% Fibonacci retracement, Horizontal pullback resistance

Take Profit : 0.6902

Why it's good : Horizontal pullback support, 50% Fibonacci retracement

analytics5cec94a4b0e57.png

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