AUDUSD approaching resistance, potential drop!

17 במאי 2018

AUDUSD is approaching our first resistance at 0.75628 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where it could potentially drop to our first support at 0.7445 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension).
RSI (89) is approaching our resistance where we might see a corresponding drop in price should it react off this level.