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ICmarkets
Jul 16, 2018 3:13 AM

AUDUSD reversed off its resistance, potential drop! Short

Australian Dollar / U.S. DollarFOREX.com

Description

AUDUSD reversed off its resistance at 0.7433 (100% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop to its support at 0.7375 (horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
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