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

2019-07-04T04:05:06

Relevance until2019-07-05

Price is approaching its resistance where a potential reversal could occur.

Entry : 0.7080

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

Stop Loss : 0.7129

Why it's good : 78.6% Fibonacci retracement

Take Profit : 0.7013

Why it's good : 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance

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!