AXY Approaching Resistance, Potential Reversal!
AXY is approaching its resistance at 7.0081 (100% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 6.9768 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 93% where a corresponding reversal is expected.
Stochastic (89, 5, 3) is approaching its resistance at 93% where a corresponding reversal is expected.
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.