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

2019-06-24T03:18:03

Relevance until2019-06-25

Price reversed off its resistance where we expect to see it drop further to its support at 0.6964.

Entry : 0.6934

Why it's good : 100% & 61.8% Fibonacci extension, horizontal overlap resistance

Stop Loss : 0.6988

Why it's good : 100% Fibonacci extension

Take Profit : 0.6934

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

AUD/USD reversed off 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 reversed off resistance, potential reversal!