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FX.co ★ AUD/USD preparing for a big drop, are you ready?

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Forex Analysis:::2019-09-03T07:04:59

AUD/USD preparing for a big drop, are you ready?

AUD/USD preparing for a big drop, are you ready?

We are bearish fundamentally and technically with 0.6709 the key level to break to trigger the drop all the way down.

Entry: 0.6709

Why it's good : 61.8% extension, horizontal swing low support, bearish momentum, bearish fundamentals.

Stop Loss : 0.6728Why it's good : Horizontal swing high resistance, 23.6% fibonacci retracement

Take Profit : 0.6692

Why it's good: major swing low support

AUD/USD preparing for a big drop, are you ready?

Analyst InstaForex
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