AUD/USD meets daily resistance and the focus is on the downside. Bears can target a confluence of structure and Fibo area. AUD/USD is on the verge of a significant downside correction as the price meets daily resistance. Bears can target the prior resistance structure which has a confluence with the 38.2% Fibonacci retracement level of the daily impulse. Daily chart The daily chart shows the confluence of the 38.2% Fibo and prior resistance. 30-min chart The 30-min chart shows meanwhile support that traders will be eyeing for a break, retest and subsequent downside correction to prior daily resistance. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD picks up bids towards 1.2000 as S&P 500 Futures print mild gains FX Street 2 years AUD/USD meets daily resistance and the focus is on the downside. Bears can target a confluence of structure and Fibo area. AUD/USD is on the verge of a significant downside correction as the price meets daily resistance. Bears can target the prior resistance structure which has a confluence with the 38.2% Fibonacci retracement level of the daily impulse. Daily chart The daily chart shows the confluence of the 38.2% Fibo and prior resistance. 30-min chart The 30-min chart shows meanwhile support that traders will be eyeing for a break, retest and subsequent downside correction to prior… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
