FX.co ★ AUD/USD dropped perfectly from our selling area, remain bearish

Price has once again dropped perfectly below our major resistance at 0.7500 (Fibonacci projection, horizontal resistance, Fibonacci retracement) and we expect a drop to at least 0.7370 (Fibonacci retracement, Fibonacci projection, horizontal swing low support).

Stochastic (21,5,3) is seeing major resistance at the 87% level and also displays bearish divergence vs price.

Sell below 0.7500. Stop loss at 0.7557. Take profit at 0.7370.