15.07.201909:38 Forex Analysis & Reviews: AUD/USD approaching resistance, potential reversal!

Exchange Rates 15.07.2019 analysis

We believe price will rise to its resistance at 0.7046 before reversing back down towards its support.

Entry: 0.7046

Why it's good : 61.8% Fibonacci extension, 100% Fibonacci extension, horizontal swing high resistance

Stop Loss : 0.7065

Why it's good : 61.8% Fibonacci retracement

Take Profit : 0.7008

Why it's good: 61.8% Fibonacci retracement, horizontal overlap support

Exchange Rates 15.07.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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