AUDUSD Approaching Resistance, Potential Reversal
AUDUSD is approaching its resistance at 0.7162 (100% Fibonacci extension , 61.8 % & 50% Fibonacci retracement , horizontal pullback resistance) where a reversal to its support at 0.7105 (76.4% Fibonacci retracement , horizontal swing low support) could occur.
Stochastic (55, 5, 3) is approaching its resistance at 87% where a corresponding drop could occur.
Stochastic (55, 5, 3) is approaching its resistance at 87% where a corresponding drop could occur.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.