FX.co ★ AUD/USD remain bearish looking 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). The pair is expected to drop deeper to the 0.7517 support (Fibonacci retracement, horizontal overlap support).RSI (34) sees multiple descending resistance lines holding price down.

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