AUD/USD reversed off resistance, prepare for further drop

AUD/USD reversed off its resistance at 0.7295 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.7201(38.2% Fibonacci retracement, horizontal swing low support).

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 0.7295. Stop loss at 0.7367. Take profit at 0.7201.

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