FX.co ★ AUD/USD reversing nicely, remain bearish

The price is reversing nicely below our major resistance level at 0.7698 (Fibonacci retracement, horizontal swing high resistance) and we remain bearish below this level for a push down to at least 0.7537 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,3,1) is seeing a nice drop from our 97% resistance level and has good downside potential for our drop.

Sell below 0.7698. Stop loss is at 0.7751. Take profit is at 0.7537.