AUDUSD approaching major resistance, potential drop!
AUDUSD is fast approaching major resistance at 0.7643 (Fibonacci retracement, horizontal poullback resistance, descending resistance) and a strong reaction could occur at this level to push prices down to major support at 0.7434 (Fibonacci extension, horizontal swing low support).
RSI (55) sees horizontal resistance at 55% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) sees horizontal resistance at 55% where a corresponding reaction could occur.
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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