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

2019-06-28T04:19:37

Relevance until2019-06-29

Price approaching its resistance and we expect to see a reversal to its support at 0.6976.

Entry : 0.7012

Why it's good : 50% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance

Stop Loss : 0.7063

Why it's good : 61.8% Fibonacci retracement

Take Profit : 0.6976

Why it's good : 38.2% Fibonacci retracement, horizontal pullback 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!