FX.co - AUDUSD broke below trendline. Further push down expected.

2020-05-06T02:54:45

Long-term review

Trading Recommendation

Entry: 0.64532

Reason for Entry: descending trendline resistance, 61.8% Fibonacci retracement

Take Profit : 0.63729

Reason for Take Profit: Graphical swing low

Stop Loss: 0.64974

Reason for Stop loss: 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 ★ AUDUSD broke below trendline. Further push down expected.