FX.co ★ AUD/USD trading recommendations for 14th June 2016

The price reversed to our head and shoulders neckline resistance as expected yesterday where we would have added to our position for a stronger drop from here. The RSI (34) also reacted below our pullback resistance to signal a further drop to 0.7325.

Trading recommendations:

Sell now or wait for re-entry at 0.7415 level

Take profit at 0.7325

Stop loss at 0.7470