AUDUSD H4 | Reversal from 38.2% Fibo?

15 de mai. de 2023

AUDUSD is rising towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 0.67063 and drop down from here. Our stop loss will be at 0.67512 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement. The take profit level will be at 0.66362 which is an overlap support at the recent swing-low.

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