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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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AUDUSD broke below long term ascending trendline. Further drop now expected!

analytics5e96afed067e1.jpg

Trading Recommendation

Entry: 0.64029

Reason for Entry: -27.2% Fibonacci retracement, moving average and ascending trendline resistance

Take Profit : 0.63022

Reason for Take Profit: 38.2% Fibonacci extension

Stop Loss: 0.64324

Reason for Stop loss: Graphical swing high

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