FX.co ★ AUD/USD remain bearish below major resistance

We remain bearish below major resistance at 0.7522 (Fibonacci retracement, Fibonacci projection, horizontal resistance) and we expect a strong drop from this level to at least 0.7353 support (Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) remain at 92% resistance where we expect a drop from.

Sell below 0.7522. Stop loss at 0.7576. Take profit at 0.7353.