13.05.201904:01 AUD/USD approaching a key support, potential for a bounce!

Exchange Rates 13.05.2019 analysis

Price is approaching a key support at 0.6968 where it could potentially bounce to its resistance at 0.7006.

Entry : 0.6968

Why it's good : horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 0.6934

Why it's good : 100% Fibonacci extension

Take Profit : 0.7006

Why it's good : 76.4% Fibonacci retracement, horizontal swing high resistance

Exchange Rates 13.05.2019 analysis

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

Uitgevoerd door Dean Leo,
Analytische expert
InstaForex Group © 2007-2020
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