AUDUSD Testing Its Resistance, Prepare For A Reversal
AUDUSD is testing its resistance area at 0.7581 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 0.7474 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching resistance at 96% where a corresponding drop could occur.
Stochastic (55, 5, 3) is approaching resistance at 96% where a corresponding drop could occur.
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