AUDUSD approaching resistance, potential drop!
AUDUSD is approaching our first resistance at 0.7110 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.70430 (50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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