The AUD/USD pair is approaching its resistance at 0.7162 (100% Fibonacci extension, 61.8 % & 50% Fibonacci retracement, horizontal pullback resistance) where a reversal to its support at 0.7105 (76.4% Fibonacci retracement, horizontal swing low support) is expected.
Stochastic (55, 5, 3) is nearing its resistance at 87% where a corresponding drop is anticipated.
AUD/USD is approaching its resistance where we expect to see a reversal.
Sell below 0.7162. Stop loss at 0.7203. Take profit at 0.7105.
