FX.co - AUD/USD facing pressure from resistance, potential for further drop!

6 April 2020 at 4:16AM (UTC+0)

Relevance until7 April 2020 at 4:16AM (UTC+0)

Trading Recommendation

Entry: 0.60988

Reason for Entry: Horizontal swing high resistance, 50% Fibonacci retracement

Take Profit : 0.58870

Reason for Take Profit: 50% Fibonacci retracement, horizontal swing low support

Stop Loss: 0.61684

Reason for Stop loss: Horizontal swing high resistance, 78.6% 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 facing pressure from resistance, potential for further drop!