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ICmarkets
Feb 14, 2019 2:43 AM

AUDUSD Approaching Resistance, Potential Reversal Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD is approaching its resistance at 0.7149 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it may reverse down to its support at 0.7085 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal may occur.
Comments
Johanes
Boon2
AUDUSD H1 Z Down. Checkout the idea detail's and update's for the complete picture.
Crypto_Anarchist
Overall trend is bearish as well on higher time frames, looks like good short opportunity

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