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FX.co ★ AUDUSD reacting below long term descending trendline. Drop imminent!

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Forex Analysis:::2020-03-20T09:29:45

AUDUSD reacting below long term descending trendline. Drop imminent!

AUDUSD reacting below long term descending trendline. Drop imminent!

Trading Recommendation

Entry: 0.59111

Reason for Entry: Moving average resistance, Descending trendline resistance

Take Profit : 0.56649

Reason for Take Profit: 61.8% Fibonacci retracement

Stop Loss: 0.59649

Reason for Stop loss: 38.2% Fibonacci retracement, horizontal swing high

Analyst InstaForex
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