FX.co - AUD/USD testing support, potential break out!

2019-07-09T02:49:40

Relevance until2019-07-10

AUDUSD is testing its support at 0.6961 where if broken, will give us a confirmation of a further move down. .

Entry: 0.6961

Why it's good : 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support

Stop Loss : 0.6990

Why it's good : 38.2% Fibonacci retracement, horizontal swing high resistance

Take Profit : 0.6938

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

AUD/USD testing support, potential break out!

*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 testing support, potential break out!