FX.co - AUD/USD preparing for a big drop, are you ready?

2019-09-03T07:04:59

Relevance until2019-09-04

We are bearish fundamentally and technically with 0.6709 the key level to break to trigger the drop all the way down.

Entry: 0.6709

Why it's good : 61.8% extension, horizontal swing low support, bearish momentum, bearish fundamentals.

Stop Loss : 0.6728Why it's good : Horizontal swing high resistance, 23.6% fibonacci retracement

Take Profit : 0.6692

Why it's good: major swing low support

AUD/USD preparing for a big drop, are you ready?

*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 preparing for a big drop, are you ready?