easyMarkets
Short

AUDUSD approaching resistance, potential drop!

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is approaching our resistance at 0.7168 (horizontal swing high resistance, 78.6% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 0.7130 (61.8%, 100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out