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

2019-08-16T04:17:07

Relevance until2019-08-17

Price is approaching its resistance where a reversal is expected.

Entry: 0.6798

Why it's good : 100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 0.6835

Why it's good : 38.2% Fibonacci retracement

Take Profit : 0.6759

Why it's good: 61.8% Fibonacci retracement

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