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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 testing intermediate support, potential break-out!

analytics5d35420c1422c.jpgPrice is currently testing its intermediate support where if broken, will confirm a further move down to its 1st support.

Entry: 0.7041

Why it's good : 50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support

Stop Loss : 0.7078

Why it's good : 61.8% Fibonacci extension, horizontal swing high resistance

Take Profit : 0.6998

Why it's good: 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support

analytics5d3541e4ac869.png

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