AUDUSD broke out of long term resistance line, potential rise!
AUDUSD broke out of its long term descending resistance line and horizontal overlap support level at 0.7834 (23.6% Fibonacci retracement , horizontal overlap support). A strong reaction could occur at this level pushing its price up to our next resistance level at 0.7891 (horizontal overlap resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ). A breakout of this level could potentially push price up to our next major resistance at 0.79868 (horizontal overlap resistance, 61.8% Fibonacci retracement ).
RSI (55) is also seeing a bullish exit and a breakout of its long term descending resistance line, a good precursor for further potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) is also seeing a bullish exit and a breakout of its long term descending resistance line, a good precursor for further potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.