AUD/USD broke out of its major support!

Price broke out of its major support-turned-resistance where we expect to see a further drop to its next support at 0.6710.

Entry: 0.6831

Why it's good : Horizontal pullback resistance

Stop Loss : 0.6870

Why it's good : 38.2% Fibonacci retracement, horizontal pullback resistance

Take Profit : 0.6710

Why it's good: 100% Fibonacci extension