AUDUSD testing resistance, potential reversal!
AUDUSD is testing its resistance at 0.7535 (23.6% Fibonacci retracement x2, horizontal swing high resistance) where it could potentially fall to its support at 0.7449 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching resistance at 97% where a corresponding reversal could occur
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.