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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!

analytics5d1d7add0de74.jpg

Price is approaching its resistance where a potential reversal could occur.

Entry : 0.7080

Why it's good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance

Stop Loss : 0.7129

Why it's good : 78.6% Fibonacci retracement

Take Profit : 0.7013

Why it's good : 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance

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