AUDUSD has reversed below the 1st resistance of 0.73828, in line with descending trendline resistance, 50% Fibonacci extension. Prices are likely to fall towards 1st support, in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices may rise to 2nd resistance, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Moreover, Stochastic is reversing from hidden resistance at 89.93.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.