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AUD/USD approaching resistance, potential drop!

AUDUSD is approaching our first resistance at 0.7145 (horizontal swing high resistance, 78.6% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 0.7111 (38.2% Fibonacci retracement , 100% Fibonacci extension ).Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
by Jeff Wecker
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USD/CHF approaching resistance, potential drop!

USDCHF is approaching our first resistance at 1.0007 (horizontal swing high resistance, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 0.9959 (61.8% Fibonacci retracement , 100% Fibonacci extension ). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
by Jeff Wecker
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XAU/USD approaching support, potential bounce!

XAUUSD is approaching our first support at 1283.58 (horizontal swing low support, 61.8% Fibonacci extension ) where a strong bounce to our major resistance at 1299.29 (horizontal pullback resistance, 38.2%Fibonacci retracement ) might occur.Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
by Jeff Wecker
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NZD/USD approaching support, potential bounce!

NZDUSD is approaching our first support at 0.6744 (long term ascending support line, horizontal swing low support, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level to our major resistance at 0.6866 (horizontal overlap resistance, 61.8% Fibonacci retracement ).Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
by Jeff Wecker
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EUR/USD approaching support, potential bounce!

EURUSD is approaching our first support at 1.1187 (horizontal swing low support, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce to our major resistance at 1.1283 (horizontal overlap resistance, 38.2% Fibonacci retracement ) might occur.Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
by Jeff Wecker