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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUD/USD approaching major resistance, prepare to sell

Price is approaching a major area of resistance at 0.7487 (Fibonacci retracement, Fibonacci projection, horizontal pullback resistance) and we expect a reaction from this level for a drop to 0.7311.

RSI (34) is on pullback resistance where we expect a drop from.

Sell below 0.7487. Stop loss at 0.7590. Take profit at 0.7311.

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The material has been provided by InstaForex Company - www.instaforex.com