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

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Forex Analysis:::2019-08-16T04:17:07

AUD/USD approaching resistance, potential reversal

AUD/USD approaching resistance, potential reversal

Price is approaching its resistance where a reversal is expected.

Entry: 0.6798

Why it's good : 100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 0.6835

Why it's good : 38.2% Fibonacci retracement

Take Profit : 0.6759

Why it's good: 61.8% Fibonacci retracement

AUD/USD approaching resistance, potential reversal

Analyst InstaForex
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