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ICmarkets
Oct 15, 2018 2:32 AM

AUDUSD Reversed Off Resistance, Potential for Further Drop Short

Australian Dollar / U.S. DollarFOREX.com

Description

AUDUSD reversed off its resistance at 0.7144(61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 0.7081 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off near its resistance at 98% where a corresponding drop could occur.
Comments
itposmenlo6599
again and again THANK YOU!
badolatokucka
Thanks for the idea, it always opens my mind and eyes to see things differently. Sending love from New Zealand!
lettermano
Thanks ICmarkets for the good analysis
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