easyMarkets

AUDUSD dropping nicely, strong potential for further drop!

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is dropping perfectly and we see our 1st major resistance at 0.7567 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, bearish Ichimoku cloud). Our next major support is at 0.7525 (Fibonacci extension, horizontal swing low support).
Stochastic (89,5,3) I seeing major resistance below 96% where a corresponding reaction could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.


Come join us today at : www.easymarkets.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.