AUDUSD Approaching Resistance, Potential Reversal
AUDUSD is approaching its resistance at 0.7200 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.7105 (76.4% Fibonacci retracement, 100%, 61.8% fibonacci extension).
Stochastic (34, 5, 3) is approaching its resistance at 91% where a corresponding reversal may occur.
Stochastic (34, 5, 3) is approaching its resistance at 91% where a corresponding reversal may 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.