AUDUSD testing major resistance,prepare for a potential reversal
AUDUSD is testing major resistance at 0.7867 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and a strong reaction could occur at this level to push price down to 0.7804 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance at 92-98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (21,5,3) is seeing major resistance at 92-98% where a corresponding reaction could occur.
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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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.
Disclaimer
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.