FX.co - AUD/USD testing resistance, potential drop!

2020-03-23T08:42:21

Relevance until2020-03-24

Trading Recommendation

Entry: 0.58239

Reason for Entry: Horizontal overlap resistance, breakout level, 38.2% Fibonacci retracement

Take Profit : 0.56963

Reason for Take Profit: 61.8% fibonacci retracement, 100% Fibonacci extension

Stop Loss: 0.58942

Reason for Stop loss: Horizontal swing high resistance, 61.8% Fibonacci retracement

*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 testing resistance, potential drop!