ICmarkets

Potential to drop further!

Short
ICmarkets Broker Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Price broke past its support turned resistance at 0.7693 which confirms a possible move down to its next support at 0.76615 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support).

Stochastic (89, 5, 3) reversed off its resistance at 94% where it has a lot of downside potential.
Trade closed: target reached:
Support target reached! nice!

IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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