AUD/USD testing support, potential break out!

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AUDUSD is testing its support at 0.6961 where if broken, will give us a confirmation of a further move down. .

Entry: 0.6961

Why it's good : 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support

Stop Loss : 0.6990

Why it's good : 38.2% Fibonacci retracement, horizontal swing high resistance

Take Profit : 0.6938

Why it's good: 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance

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