AUDUSD broke out of support, further potential drop!

AUDUSD broke out of our short term ascending support line and is testing our first resistance at 0.7567 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our first support at 0.7525 (horizontal swing low support, 50% Fibonacci retracement). A breakout below our short term ascending support line would provide the bearish acceleration to our major support target.
Stochastic (21,5,3) is also seeing a bearish divergence in line with our bearish bias.
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