AUDUSD H4 | Rising into Fibo resistanceAUD/USD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower towards our take profit target.
Entry: 0.67391
Why we like it:
There is a swing-high resistance that aligns with a confluence of Fibonacci levels i.e. the 61.8% projection and the 127.2% extension levels
Stop Loss: 0.68207
Why we like it:
There is a swing-high resistance that lies above the 78.6% Fibonacci projection level
Take Profit: 0.66200
Why we like it:
There is a pullback support level
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