24.11.202010:00 Forex Analysis & Reviews: AUDUSD is approaching resistance, potential drop!

AUDUSD is approaching its resistance at 0.73207 in line with our 78.6% Fibonacci retracement level, where it could potentially drop even further to our support level at 0.72906 in line with our 50% Fibonacci retracement level. We may be seeing a bearish reversal at the resistance level.

*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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