FX.co - AUD/USD approaching support, potential bounce!

2019-06-11T02:06:08

Relevance until2019-06-12

Price is testing its support where we expect to see a bounce up to its resistance.

Entry : 0.6951

Why it's good : 38.2% & 50% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback support

Stop Loss : 0.6923

Why it's good : 61.8% Fibonacci retracement

Take Profit : 0.6989

Why it's good : Horizontal overlap resistance, 61.8% Fibonacci extension

AUD/USD approaching support, potential bounce!

*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 support, potential bounce!