AUDUSD is testing its resistance at 0.7123(23.6% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 0.7086 (50% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 99%.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.