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

2019-06-19T02:21:03

Relevance until2019-06-20

Price is approaching its resistance where it could potentially reverse back down to its support at 0.6861.

Entry : 0.6902

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

Stop Loss : 0.6929

Why it's good : 50% Fibonacci retracement

Take Profit : 0.6861

Why it's good : 61.8% Fibonacci retracement, horizontal overlap support

AUD/USD approaching resistance, potential reversal!

*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!