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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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AUDUSD testing descending trendline resistance! Drop incoming!

analytics5ec35d16bc07b.jpg

Trading Recommendation

Entry: 0.65156

Reason for Entry: 23.6% Fibonacci retracement.

Take Profit : 0.64734

Reason for Take Profit: Graphical overlap, 50% Fibonacci retracement

Stop Loss: 0.65509

Reason for Stop loss: Descending trendline resistance

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