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FX.co ★ AUD/USD approaching resistance, potential reversal!

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Forex Analysis:::2019-06-19T02:21:03

AUD/USD approaching resistance, potential reversal!

AUD/USD approaching resistance, potential reversal!

Price is approaching its resistance where it could potentially reverse back down to its support at 0.6861.

Entry : 0.6902

Why it's good : 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance

Stop Loss : 0.6929

Why it's good : 50% Fibonacci retracement

Take Profit : 0.6861

Why it's good : 61.8% Fibonacci retracement, horizontal overlap support

AUD/USD approaching resistance, potential reversal!

Analyst InstaForex
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