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%.

analytics57c7e143acab0.png

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

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