FX.co - AUD/USD broke past its intermediate support, potential further drop!

2019-07-17T05:44:22

Relevance until2019-07-18

Price broke past its intermediate support which confirms a further drop.

Entry: 0.7011

Why it's good : 23.6% Fibonacci retracement

Stop Loss : 0.7046

Why it's good : 61.8% Fibonacci extension, horizontal swing high resistance

Take Profit : 0.6994

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

AUD/USD broke past its intermediate support, 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 past its intermediate support, potential further drop!