AUD/USD now testing major resistance, prepare to sell for a drop from here

Price is approaching major resistance at 0.7697 (multiple Fibonacci extensions) and we expect a strong reaction off this level for a drop to at least 0.7634 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing strong resistance below 93% where we expect a strong drop from. Correlation analysis: AUD/USD and NZD/USD are both expecting […]