easyMarkets

AUDUSD approaching resistance, potential drop!

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is approaching our first resistance at 0.7146 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where we might see a drop to our major support at 0.70968 (61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance.
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Losses can exceed the initial investment so please ensure you fully understand the risks.


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