AUD/USD is testing its resistance at 0.7315 (100% Fibonacci extension, 76.4% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.7223 (38.2% Fibonacci retracement, horizontal pullback support) is expected.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop is expected.
AUD/USD is testing its resistance where we expect to see a reversal.
Sell below 0.7315. Stop loss at 0.7364. Take profit at 0.7223.
