PThe price is testing major resistance at 0.7629 (Fibonacci retracement, horizontal overlap resistance, channel resistance, Fibonacci extension) and we expect to see a strong drop from this level to push the price down to at least 0.7537 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) is seeing strong resistance at 96% where we expect a corresponding reaction off.
Correlation analysis: NZDUSD is similarly expecting a strong drop.
Sell below 0.7629. Stop loss isat 0.7670. Take profit is at 0.7537
