ICmarkets
Short

AUDUSD Approaching Resistance, Potential Reversal

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is approaching its resistance at 0.7150 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback resistance) where it may reverse down to its support at 0.6997 (38.2% Fibonacci retracement ).
Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal may occur.
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