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FX.co ★ AUD/USD right on big resistance, prepare for a drop!

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Forex Analysis:::2019-09-04T07:37:36

AUD/USD right on big resistance, prepare for a drop!

AUD/USD right on big resistance, prepare for a drop!

AUD/USD is approaching big resistance at 0.6785 where we expect a big reversal.

Entry: 0.6785

Why it's good : 100% extension, horizontal swing high resistance, bearish fundamentals.

Stop Loss : 0.6800Why it's good : Horizontal swing high resistance

Take Profit : 0.6762

Why it's good: pullback support, 23.6% fibonacci retracement

AUD/USD right on big resistance, prepare for a drop!

Analyst InstaForex
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