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AUDUSD testing major resistance, prepare for a potential drop!

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Tickmill Broker  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD audusdshort audusdlong audusdforecast audusdsignal audusdsell audusddaily audusdanalysis audusd_short
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trendanalysis harmonicpatterns chartpattern audusd audusdshort audusdlong audusdforecast audusdsignal audusdsell audusddaily audusdanalysis audusd_short
AUDUSD is testing major resistance at 0.7542 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7476 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction could occur.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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