AUDUSD approaching resistance, potential reversal!
AUDUSD is approaching our first resistance (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop to our first support (horizontal swing lo support, 76.4% Fibonacci retracement) might occur. Stochastic is also approaching resistance where we might see a corresponding drop in price.
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.
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