Price is approaching its resistance supported by USD weakness and positive China's Caixin PMI results. We do expect it to rise to its resistance before reversing down especially since we expect AUD weakness due to a highly possible rate cut this week by the RBA.Entry : 0.6965
Why it's good : 50% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance
Stop Loss : 0.6992
Why it's good : 61.8% Fibonacci retracement
Take Profit : 0.6937
Why it's good : Horizontal pullback support, 38.2% Fibonacci retracement
