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

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Forex Analysis:::2019-08-06T06:39:39

AUD/USD approaching resistance, potential reversal!

AUD/USD approaching resistance, potential reversal!

Price approaching its resistance at 0.6831 where we expect to see a reversal.

Entry: 0.6831

Why it's good : Horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement

Stop Loss : 0.6872

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

Take Profit : 0.6750

Why it's good: horizontal swing low support

AUD/USD approaching resistance, potential reversal!

Analyst InstaForex
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