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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 resistance, potential reversal

analytics5d562e141449e.jpg

Price is approaching its resistance where a reversal is expected.

Entry: 0.6798

Why it's good : 100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 0.6835

Why it's good : 38.2% Fibonacci retracement

Take Profit : 0.6759

Why it's good: 61.8% Fibonacci retracement

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