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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 reversed off its resistance, potential drop!

analytics5d2d4ef7dc0eb.jpgPrice has reversed off its resistance where we expect to see a further drop.

Entry: 0.7046

Why it's good : 61.8% Fibonacci extension, 100% Fibonacci extension, horizontal swing high resistance

Stop Loss : 0.7065

Why it's good : 61.8% Fibonacci retracement

Take Profit : 0.7008

Why it's good: 61.8% Fibonacci retracement, horizontal overlap support

analytics5d2d4ed420762.png

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