FX.co ★ AUD/USD profit target reached, prepare to sell

The price has continued to shoot up and reached our profit target as expected. We prepare to sell below major resistance at 0.7683 (Fibonacci retracement, horizontal swing high resistance) for a push down to 0.7632 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing strong resistance below the 93% support level where we expect a reaction from.

Sell below 0.7683. Stop loss is at 0.7703. Take profit is at 0.7632.