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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 right on big resistance, prepare for a drop!

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AUD/USD is approaching big resistance at 0.6829 where we expect a big reversal.

Entry: 0.6829

Why it's good : horizontal overlap resistance

100% Fibonacci extension

38.2% Fibonacci retracement

Take Profit : 0.6786

Why it's good: horizontal pullback support, 23.6% fibonacci retracement,61.8% Fibonacci extension

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