AUDUSD approaching resistance, potential drop!
AUDUSD is approaching our first resistance at 0.75628 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where it could potentially drop to our first support at 0.7445 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension).
RSI (89) is approaching our resistance where we might see a corresponding drop in price should it react off this level.
RSI (89) is approaching our resistance where we might see a corresponding drop in price should it react off this level.
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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.