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

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Forex Analysis:::2019-06-21T03:47:15

AUD/USD reversed off resistance, potential reversal!

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

AUD/USD reversed off resistance, potential reversal!

Analyst InstaForex
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