FX.co - AUD/USD approaching support, potential bounce!

2019-07-30T04:13:41

Relevance until2019-07-31

Price is approaching its support at 0.6891 where it could bounce back to its resistance.

Entry: 0.6891

Why it's good : 76.4% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : 0.6834

Why it's good : horizontal swing low support

Take Profit : 0.6914

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

AUD/USD approaching support, potential bounce!

*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 support, potential bounce!