FX.co ★ AUD/USD dropping perfectly as expected, remain bearish

The price is dropping perfectly as expected from our selling area. We remain bearish looking to sell below major resistance at 0.7891 (Multiple Fibonacci retracements, bearish price action) for a push down to at least 0.7789 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,3,1) is seeing major resistance at 97% where we expect a reaction from.

Sell below 0.7891. Stop loss is at 0.7955. Take profit is at 0.7789.