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FX.co ★ AUD/USD at major resistance, prepare to be bearish

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Forex Analysis:::2016-12-06T01:01:38

AUD/USD at major resistance, prepare to be bearish

Price is now at major resistance at 0.7500 (Fibonacci projection, horizontal resistance, Fibonacci retracement) where we expect a reaction from and a drop to at least 0.7370.

RSI (34) remains below major 61% resistance.

Sell below 0.7500. Stop loss at 0.7557. Take profit at 0.7370.

AUD/USD at major resistance, prepare to be bearish

Analyst InstaForex
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