AUDUSD approaching resistance, potential drop!
AUDUSD is approaching our first resistance at 0.7493 (horizontal overlap resistance, 61.8%, 100% fibonacci extension, 50% fibonacci retracment) which coincides with our long term descending resistance line, where a strong reaction might occur below this level, pushing price down to our major support at 0.7309 (horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement).
RSI (55) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : easymarkets.com/
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.