FX.co ★ AUD/USD below resistance, remain bearish

Price continues to hover below our resistance. We look to sell on strength below major resistance at 0.7629 (Fibonacci

retracement, horizontal overlap resistance, descending resistance, price gap) for a further push down to at least 0.7537 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,3,1) is seeing major resistance below 94% where we expect a corresponding drop from.

Sell below 0.7629. Stop loss at 0.7660. Take profit at 0.7537.