ICmarkets

CHFAUD is approaching resistance, potential reversal!

Short
ICmarkets Broker Updated   
FX_IDC:CHFAUD   SWISS FRANC / AUSTRALIAN DOLLAR
CHFAUD is approaching resistance at 1.3418 (78.6% Fibonacci retracement, horizontal overlap resistance) where price could potentially reverse and fall to its support at 1.3295 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching resistance at 95% where a corresponding reaction could occur.
Trade active:
dropping perfectly to near our profit target!

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.
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