FX.co - AUD/USD facing bearish pressure, potential for further drop

2020-06-10T04:45:24

Long-term review

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ AUD/USD facing bearish pressure, potential for further drop