FX.co - AUD/USD approaching resistance, potential reversal coming!

2019-05-30T02:38:57

Relevance until2019-05-31

Price is approaching our first resistance where we might see a corresponding drop in price.

Entry : 0.6934

Why it's good : 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance

Stop Loss : 0.6969

Why it's good : 50% Fibonacci retracement, horizontal pullback resistance

Take Profit : 0.6902

Why it's good : Horizontal pullback support, 50% Fibonacci retracement

AUD/USD approaching resistance, potential reversal coming!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ AUD/USD approaching resistance, potential reversal coming!