FX.co ★ AUD/USD reversed off resistance, potential drop!

Price reversed off its resistance where we expect to see it drop further to its support at 0.6936.

Entry : 0.6964

Why it's good : 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance

Stop Loss : 0.7013

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

Take Profit : 0.6936

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