AUDUSD testing strong resistance, potential drop!
AUDUSD is testing strong resistance at 0.7784 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to push price down to 0.7713 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance from 92-98% where a corresponding reaction could occur.
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 seeing major resistance from 92-98% where a corresponding reaction could occur.
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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