Get started
Klimex

AUDUSD Approaching Resistance, Prepare For A Reversal

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Klimex  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns aud USD AUDUSD forexsignals
27
0
trendanalysis harmonicpatterns chartpattern aud usd audusd forexsignals
AUDUSD is approaching its resistance at 0.7119(100%Fibonacci extension, horizontal pullback resistance, 61.8% Fibonacci retracement) where it is expected to reverse down to its support at 0.7061 ( 50% Fibonacci retracement,100% Fibonacci extension).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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.