FX.co - AUD/USD right on big resistance, prepare for a drop!

2019-09-04T07:37:36

Relevance until2019-09-05

AUD/USD is approaching big resistance at 0.6785 where we expect a big reversal.

Entry: 0.6785

Why it's good : 100% extension, horizontal swing high resistance, bearish fundamentals.

Stop Loss : 0.6800Why it's good : Horizontal swing high resistance

Take Profit : 0.6762

Why it's good: pullback support, 23.6% fibonacci retracement

AUD/USD right on big resistance, prepare for a 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 right on big resistance, prepare for a drop!