FX.co ★ AUD/USD below major resistance, prepare to sell

Price has made a push up to our major descending resistance line resistance at 0.7691. We expect a reaction off this level for a drop to at least 0.7620.

RSI (34) is right below major resistance signalling a reversal is fast approaching.

Stochastic (21,5,3) is also seeing major resistance at 92%.

Sell below 0.7691. Stop loss at 0.7716. Take profit at 0.7620.