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Euro / Dollar Australia
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EURAUD Testing Resistance, Potential Reversal!

Oleh ICmarkets
Broker
EURAUD is testing its resistance at 1.5818 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) price could potentially react off, causing price to fall to its support at 1.5672 (38.2% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 1.5748 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching resistance at 96% where a corresponding reversal could occur.
audChart PatternsEUReuradushortEURAUDForexforexsignalsHarmonic PatternsTrend 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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