FX.co ★ AUD/USD close to resistance, look to sell.

AUD/USD is close to strong resistance at 0.7535 (Fibonacci retracement, horizontal overlap resistance) where we expect a quick reaction off for a drop to 0.7480.

Stochastics (21,5,3) is also approaching major resistance at 81%.

Sell below 0.7535. Stop loss is at 0.7580. Take profit is at 0.7480.