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Klimex
Jan 14, 2019 3:54 AM

AUDUSD Reversed Off Resistance, Potential For A Further Drop Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD reversed off its resistance at 0.7241 (76.4% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 0.71212 (23.6% Fibonacci retracement, horizontal swing low support).

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