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MT5.com - AUD/USD broke past a major support where we expect it to drop further to its next!

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Forex Analysis:::2019-05-15

AUD/USD broke past a major support where we expect it to drop further to its next!

analytics5cdb759173e1b.jpg

Price broke past a major support at 0.6934 where we expect it to fall further to its support at 0.6916 .

Entry : 0.6934

Why it's good : horizontal pullback resistance, 100% & 61.8% Fibonacci extension

Stop Loss : 0.6947

Why it's good : 61.8% Fibonacci retracement

Take Profit : 0.6916

Why it's good : 100% Fibonacci extension

analytics5cdb756c96a14.png

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Dean Leo
Analyst InstaForex
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