AUDUSD approaching resistance, potential drop!
AUDUSD is approaching our first resistance at 0.7146 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where we might see a drop to our major support at 0.70968 (61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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