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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 support, potential bounce!

analytics5de72c8a980c1.png

Trading Recommendation

Entry: 0.6831

Reason for Entry: 127% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support

Take Profit : 0.68615

Reason for Take Profit: horizontal overlap resistance

61.8% Fibonacci retracement

Stop Loss: 0.6886

Reason for Stop loss:

horizontal overlap resistance

76.4% Fibonacci retracement

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