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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 waiting for break of ascending trend line for further drop!

analytics5edda3788f787.jpg

Trading Recommendation

Entry: 0.69578

Reason for Entry: horizontal overlap support, 127.2% fibonacci extension and 61.8% fibonacci retracement

Take Profit: 0.68798

Reason for Take Profit: horizontal swing low support

Stop Loss: 0.70194

Reason for Take Profit: 78.6% fibonacci extension, horizontal swing high resistance

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