FX.co ★ AUD/USD approaching resistance, big drop coming up!

Price is approaching our first resistance where we are expecting a reversal below this level.

Entry: 0.67378

Why it's good : 38.2% fibonacci retracement, Horizontal overlap resistance

Stop Loss : 0.67539Why it's good : Horizontal swing high resistance

Take Profit : 0.67101

Why it's good: horizontal swing low support, 61.8%, 100% fibonacci extension, 78.6% Fibonacci retracement