FX.co ★ AUD/USD right on resistance, time to sell

The price is now right below major resistance at 0.7739 (Fibonacci retracement, horizontal pullback resistance) and we expect a strong reaction off this level to push the price down to at least 0.7580 support (Fibonacci retracement, horizontal breakout support level).

Stochastic (34,3,1) is seeing major resistance below 98% and we expect a strong reaction off this level.

Sell below 0.7739. Stop loss is at 0.7821. Take profit is at 0.7580.