FX.co ★ AUD/USD Approaching Resistance, Prepare For Reversal

AUD/USD is approaching its resistance at 0.7149 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.7085 (horizontal swing low support).

Stochastic (55, 5, 3) is nearing its resistance at 95% where a corresponding reversal is anticipated.

AUD/USD is approaching its resistance where we expect to see a reversal.

Sell below 0.7149. Stop loss at 0.7180. Take profit at 0.7085.