FX.co - AUD/USD broke out of its support turned resistance, potential further drop!

2019-07-10T05:07:00

Relevance until2019-07-11

AUDUSD is expected to drop further to its support at 0.6907.

Entry: 0.6937

Why it's good : 23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance

Stop Loss : 0.6957

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

Take Profit : 0.6907

Why it's good: 100% Fibonacci extension, 61.8% Fibonacci retracement

AUD/USD broke out of its support turned resistance, potential further drop!

*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 broke out of its support turned resistance, potential further drop!