Mulai
Dollar Australia / Dollar AS
Penjualan

AUDUSD reversed nicely off its resistance, potential to drop!

Oleh ICmarkets
Broker
AUDUSD reversed off its resistance at 0.7785 (horizontal swing high resistance) where it could potentially drop all the way to its support at 0.7726 (61.8% Fibonacci extension, 50% Fibonacci retracement, 100% Fibonacci extension). We have also identified another resistance at 0.7809 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) still has a lot of downside potential where a corresponding drop could occur.
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ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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