AUDUSD Approaching Resistance, Potential Reversal!
AUDUSD is approaching its resistance at 0.7407 (50% & 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 0.7372 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 93% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching its resistance at 93% where a corresponding reversal could occur.
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Disclaimer
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.