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AUDUSD Approaching Resistance, Potential Reversal

Oleh ICmarkets
Broker
AUDUSD is approaching its resistance at 0.7295 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.7198 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (55 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
audAUDUSDCADChart PatternschfEURGBPNZDTrend AnalysisUSDWave Analysis
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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