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EURAUD testing its resistance, potential reversal!

Por ICmarkets
Corretora
EURAUD is testing its resistance area at 1.5997 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, 50% Fibonacci retracement) where potential reversal may occur, causing price to drop to its support at 1.5923 (61.8% Fibonacci extension, 50% Fibonacci retracement). We have also identified another resistance at 1.6036 (100% Fibonacci extension).
Stochastic (89, 5, 3) is approaching its resistance at 95% where we expect to see a corresponding reversal.
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ICmarkets
Corretora
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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