AUD/USD testing intermediate support, potential break-out!

Price is currently testing its intermediate support where if broken, will confirm a further move down to its 1st support.

Entry: 0.7041

Why it's good : 50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support

Stop Loss : 0.7078

Why it's good : 61.8% Fibonacci extension, horizontal swing high resistance

Take Profit : 0.6998

Why it's good: 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support