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29.08.201910:32 Forex Analysis & Reviews: AUD/USD target reached! Time to play another drop!

Exchange Rates 29.08.2019 analysis

Price has reached our target from yesterday. Today we're seeing it test 0.6745 resistance and a reaction below this level would push prices to 0.6732 target.

Entry: 0.6745

Why it's good : 23% Fibonacci retracement, bearish channel, Bearish fundamentals.

Stop Loss : 0.6753Why it's good : Swing high resistance, fibonacci retracement.

Take Profit : 0.6732

Why it's good: Fibonacci extension and retracement, swing low support.

Exchange Rates 29.08.2019 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 of InstaForex
© 2007-2021
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