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

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Forex Analysis:::2019-07-16T04:14:04

AUD/USD reversed off its resistance, potential drop!

AUD/USD reversed off its resistance, potential drop! Price has reversed off its resistance where we expect to see a further drop.

Entry: 0.7046

Why it's good : 61.8% Fibonacci extension, 100% Fibonacci extension, horizontal swing high resistance

Stop Loss : 0.7065

Why it's good : 61.8% Fibonacci retracement

Take Profit : 0.7008

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

AUD/USD reversed off its resistance, potential drop!

Analyst InstaForex
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