FX.co ★ AUD/USD remains bearish; look to sell on strength

We remain bearish for a further drop, looking to sell on strength below 0.7605 resistance (Fibonacci retracement, horizontal pullback resistance) for a further drop to 0.7517 support (Fibonacci retracement, horizontal overlap support).

RSI (34) sees multiple descending resistance lines holding price down.

Sell below 0.7605. Stop loss is at 0.7650. Take profit is at 0.7517.