AUDUSD approaching resistance, potential drop!

2019년 1월 7일

AUDUSD is approaching our first resistance at 0.7160 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% fiboancci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7065 (horizontal pullback support, 23.6 % fibonacci retracement).
Stochastic (34,5,3) is also approaching our resistance and we might see a corresponding drop in price should it drop below this level.
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