AUDUSD testing resistance, potential drop!
AUDUSD is testing our first resistance at 0.7599 (horizontal swing high resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where price might potentially react off and drop to our first support at 0.7546 (horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also reacting off resistance, a good precursor for a potential drop in price.
Stochastic is also reacting off resistance, a good precursor for a potential drop in price.
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