FX.co ★ AUD/USD profit target reached perfectly, prepare to sell

The price has bounced up perfectly from our buying area and reached our profit target perfectly. We prepare to sell on major resistance at 0.7991 (Fibonacci retracement, horizontal overlap resistance) for a push down back to 0.7916 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 94% where we expect a further drop from.

Sell below 0.7991. Stop loss is at 0.8037. Take profit is at 0.7916.