AUD/USD is testing its resistance at 0.7349 (100% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal overlap resistance), where a reversal to its support at 0.7284 (50% Fibonacci retracement, horizontal overlap support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 97%, where a corresponding drop is expected.
AUD/USD is testing its resistance, where we expect to see a reversal.
Sell below 0.7349. Stop loss at 0.7395. Take profit at 0.7284.
AUD/USD is testing its resistance at 0.7349 (100% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal overlap resistance), where a reversal to its support at 0.7284 (50% Fibonacci retracement, horizontal overlap support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 97%, where a corresponding drop is expected.
AUD/USD is testing its resistance, where we expect to see a reversal.
Sell below 0.7349. Stop loss at 0.7395. Take profit at 0.7284.
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The material has been provided by InstaForex Company – www.instaforex.com
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