FX.co - AUD/USD surpassed resistance, potential further rise!

2019-06-27T04:16:16

Relevance until2019-06-28

Price surpassed its resistance and we expect to see a further rise to its next resistance at 0.7012.

Entry : 0.6987

Why it's good : key resistance turned support, horizontal pullback support

Stop Loss : 0.6959

Why it's good : 38.2% Fibonacci retracement, horizontal swing low support

Take Profit : 0.6625

Why it's good : 23.6% & 38.2% Fibonacci retracement, horizontal pullback support

AUD/USD surpassed resistance, potential further rise!

*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 surpassed resistance, potential further rise!