21.06.201905:47 Forex Analyse & Reviews: AUD/USD reversed off resistance, potential reversal!

Price reversed off its resistance where we expect to see it drop further to its support at 0.6896.

Entry : 0.6934

Why it's good : 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance

Stop Loss : 0.6958

Why it's good : 100% Fibonacci extension

Take Profit : 0.6896

Why it's good : 38.2% Fibonacci retracement, horizontal overlap support

*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 © 2007-2021

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