AUDUSD testing major resistance,prepare for a potential reversal

26 ก.พ. 2018

AUDUSD is testing major resistance at 0.7867 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and a strong reaction could occur at this level to push price down to 0.7804 support (Fibonacci extension, horizontal swing low support).

Stochastic (21,5,3) is seeing major resistance at 92-98% where a corresponding reaction could occur.

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