Aussie H1 | Pullback resistance at 38.2% Fibonacci retracementThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6697 which is a pullback resistance that aligns with a confluence of Fibonacci levels i.e. two 38.2% Fibonacci retracement levels.
Stop loss is at 0.6735 which is a level that sits above the 61.8% Fibonacci retracement level and a multi-swing-high resistance.
Take profit is at 0.6657 which is a swing-low support.
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