AUDUSD is approaching its resistance at 0.73207 in line with our 78.6% Fibonacci retracement level, where it could potentially drop even further to our support level at 0.72906 in line with our 50% Fibonacci retracement level. We may be seeing a bearish reversal at the resistance level.
The material has been provided by InstaForex Company – www.instaforex.com
AUDUSD is approaching its resistance at 0.73207 in line with our 78.6% Fibonacci retracement level, where it could potentially drop even further to our support level at 0.72906 in line with our 50% Fibonacci retracement level. We may be seeing a bearish reversal at the resistance level.
The material has been provided by InstaForex Company – www.instaforex.com
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