AUDUSD Approaching Resistance, Potential Reversal
AUDUSD is approaching its resistance at 0.7162 (100% Fibonacci extension , 61.8 % & 50% Fibonacci retracement , horizontal pullback resistance) where a reversal to its support at 0.7105 (76.4% Fibonacci retracement , horizontal swing low support) could occur.
Stochastic (55, 5, 3) is approaching its resistance at 87% where a corresponding drop could occur.
Stochastic (55, 5, 3) is approaching its resistance at 87% where a corresponding drop could occur.
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