FX.co ★ AUD/USD almost reached its profit target, turn bearish

Price bounced off our buying level perfectly and has almost reached our profit target. We turn bearish because of the new elements. Look to sell below 0.7677 resistance (descending resistance, Fibonacci projection) for a push down to 0.7615.

RSI (34) has made a bearish pullback and remains below 70% resistance.

Sell below 0.7677. Set stop loss at 0.7705 and take profit at 0.7615.