AUDUSD Reversed Off Descending Channel Resistance!
AUDUSD reversed off its resistance area at 0.7443 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance, descending channel resistance) where it could potentially fall to its support at 0.7380 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 98% and also testing its descending resistance line.
Stochastic (55, 5, 3) is approaching its resistance at 98% and also testing its descending resistance line.
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