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FX.co ★ AUD/USD is at major resistance, start to sell

AUD/USD is at major resistance, start to sell

Price is right at major resistance (Fibonacci projection, Fibonacci retracement, horizontal resistance) from which we expect a drop to 0.7642 at least.

RSI (34) is right below descending resistance

Stochastics (34,5,3) is right below major 92% resistance

Sell below 0.7730. Set stop loss at 0.7789 and take profit at 0.7642.

AUD/USD is at major resistance, start to sell

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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