easyMarkets

AUDUSD approaching resistance, potential drop!

Corto
FX:AUDUSD   Dólar australiano/Dólar estadounidense
AUDUSD is approaching our resistance at 0.7168 (horizontal swing high resistance, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.7130 (61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
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