AUD/USD breaking out of its key support, potential for further move down! ( 3 Star )

Price is testing its major support-turned-resistance at 0.7002, a break out will give a confirmation of a further move down towards its support at 0.6934.

Entry : 0.7002

Why it's good : horizontal pullback resistance, 100% fibonacci extension

Stop Loss : 0.7071

Why it's good : Horizontal swing high resistance

Take Profit : 0.6934

Why it's good : 61.8% fibonacci extension

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