AUDUSD Facing bearish pressure | 12 July 2021 for FOREXCOM:AUDUSD by FXCM



AUDUSD is reacting below key 61.8% Fibonacci retracement at 0.74855 where we can expect to see price face further bearish pressure and push lower towards our take profit and graphical swing low support level at 0.74099 where we also have 61.8% Fibonacci extension level. Stochastic indicator is also reacting below resistance where price pulled lower in the past. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients’ best interests and represent their views without misleading, deceiving, or otherwise impairing the clients’ ability to make informed investment decisions. For more information about the FXCM’s internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms’ Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.



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