AUDUSD broke out of ascending trendline support (now resistance) to the downside before coming back to retest the trendline and 61.8% Fibonacci retracement at 1st resistance 0.72093. A drop towards 1st support at 0.71311 is expected. Stochastics is testing resistance where price reacted in the past as well. Trading Recommendation Entry: 0.72093 Reason for Entry: […]