AUD/USD approaching resistance, potential reversal

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Price is approaching its resistance where a reversal is expected.

Entry: 0.6798

Why it’s good : 100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 0.6835

Why it’s good : 38.2% Fibonacci retracement

Take Profit : 0.6759

Why it’s good: 61.8% Fibonacci retracement

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

Source:: AUD/USD approaching resistance, potential reversal

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