AUD/USD right on major resistance, time to sell
Price is now testing major resistance at 0.7554 (Fibonacci extension, horizontal resistance) and we expect a strong reaction off this level for a drop to at least 0.7490 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below the 93% level and we expect a drop from here. Correlation analysis: Overall AUD […]