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Klimex
Mar 12, 2019 1:45 AM

SHORT AUDUSD Approaching Resistance, Prepare For A Reversal Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD is approaching its resistance at 0.7084 (61.8% Fibonacci extension,38.2% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 0.7014(Horizontal swing low support, 50% Fibonacci retracement).
Stochastic (21, 5, 3) is approaching its resistance where a corresponding reversal is expected.
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