ICmarkets

AUDUSD Reversed Off Resistance!

Short
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD has reversed from its resistance at 0.7446 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) where price could drop to its support at 0.7347 (horizontal swing low support).

Stochastic (89, 5, 3) has reversed off its resistance at 98% where a corresponding drop could occur.

IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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.