AUD/USD Reversed Off Resistance, Prepare For Further Drop!

AUD/USD reversed off its resistance at 0.7320 (100% & 61.8% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 0.7245 (61.8% Fibonacci retracement).

Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.

AUD/USD reversed off its resistance where we expect to see a further drop.

Sell below 0.7320. Stop loss at 0.7245. Take profit at 0.7364.

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