FX.co ★ AUDUSD reversing from 1st resistance, facing bearish pressure!

AUDUSD has reversed below the 1st resistance of 0.73828, in line with descending trendline resistance, 50% Fibonacci extension. Prices are likely to fall towards 1st support, in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices may rise to 2nd resistance, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Moreover, Stochastic is reversing from hidden resistance at 89.93.