AUD/USD dropping perfectly from our selling area, remain bearish - Forex247

Latest

Keep Your Trading Simple and Smart

Wednesday, December 7, 2016

AUD/USD dropping perfectly from our selling area, remain bearish

Price reacted perfectly below our major resistance at 0.7500 (Fibonacci projection, horizontal resistance, Fibonacci retracement) and we expect a continued drop to at least 0.7370 (Fibonacci retracement, Fibonacci projection, horizontal swing low support).

RSI (34) remains below major 61% resistance.

Sell below 0.7500. Stop loss at 0.7557. Take profit at 0.7370.

analytics58480e9d0eb7a.png

The material has been provided by InstaForex Company - www.instaforex.com

From www.instaforex.com http://ift.tt/2gaxHLz

No comments:

Post a Comment