AUDUSD holding below descending trendline resistance. A short term drop below 1st resistance at 0.77754 towards 1st support at 0.77365 could be expected. Stochastic is testing resistance as well.
Trading Recommendation
Entry: 0.77754
Reason for Entry:
61.8% Fibonacci retracement, descending trendline resistance
Take Profit: 0.77365
Reason for Take Profit:
61.8% Fibonacci retracement
Stop Loss: 0.78137
Reason for Stop Loss:
Horizontal swing high
