FX.co ★ AUDUSD rejected right below descending trendline resistance. Further push down expected!

Trading Recommendation

Entry: 0.63470

Reason for Entry: 61.8% Fibonacci retracement, descending trendline resistance

Take Profit : 0.62092

Reason for Take Profit: -61.8% , -27% and 61.8% Fibonacci retracement

Stop Loss: 0.64095

Reason for Stop loss: Graphical swing high