The EUR/AUD pair is approaching its resistance at 1.5981 (100% Fibonacci extension, 23.6% & 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.5877 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated.
EUR/AUD is approaching its resistance where we expect to see a reversal.
Sell below 1.5981. Stop loss at 1.6039. Take profit at 1.5877.
