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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 counter trendline breakout. Further drop expected!

analytics5e65bd3e72164.jpg

Trading Recommendation

Entry: 0.66566

Reason for Entry: 38.2% Fibonacci Retracement, Descending trendline resistance.

Take Profit: 0.64345

Reason for Take Profit: Horizontal Swing Low

Stop Loss: 0.67335

Reason for Stop loss: 50% Fibonacci Retracement

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