AUDUSD approaching resistance, potential reversal!

2019年5月10日

AUDUSD is approaching our first resistance (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop to our first support (horizontal swing lo support, 76.4% Fibonacci retracement) might occur. Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.