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Dollar Australien/Dollar Américain
Short

AUDUSD approaching resistance, potential drop!

Par Tickmill
Courtier
AUDUSD is approaching our first resistance at 0.7712 (horizontal overlap resistance, breakout level) and a strong reaction might occur, pushing price down to our major support at 0.7503 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension). We need to watch for a break out of our intermediate support level at 0.7652 (horizontal overlap support, 76.4% Fibonacci retracement, 100% Fibonacci extension) which might provide the bearish acceleration to our major support.

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Tickmill
Courtier
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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