AUDUSD testing major resistance,prepare for a potential reversal
AUDUSD is testing major resistance at 0.7867 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and a strong reaction could occur at this level to push price down to 0.7804 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance at 92-98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (21,5,3) is seeing major resistance at 92-98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
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