AUD/USD is close to strong resistance at 0.7535 (Fibonacci retracement, horizontal overlap resistance) where we expect a quick reaction off for a drop to 0.7480.
Stochastics (21,5,3) is also approaching major resistance at 81%.
Sell below 0.7535. Stop loss is at 0.7580. Take profit is at 0.7480.
The material has been provided by InstaForex Company – www.instaforex.com