AUD/USD facing bearish pressure, potential for further drop

Trading Recommendation

Entry: 0.69850

Reason for Entry: 61.8% fibonacci retracement and 61.8% fibonacci extension, Horizontal pullback support

Take Profit: 0.68952

Reason for Take Profit: Horizontal swing low support

Stop Loss: 0.70157

Reason for Take Profit: 78.6% fibonacci retracement