AUDUSD Reversed Off Descending Channel Resistance!
AUDUSD reversed off its resistance area at 0.7443 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance, descending channel resistance) where it could potentially fall to its support at 0.7380 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 98% and also testing its descending resistance line.
Stochastic (55, 5, 3) is approaching its resistance at 98% and also testing its descending resistance line.
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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.