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
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Show more
Can't speak right now?
Ask your question in the chat.