The AUD/USD pair is testing major resistance at 0.7380 (Fibonacci retracement, Fibonacci projection, horizontal pullback resistance) and we expect the price to drop from this level to at least 0.7245 (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is also showing major resistance at the 93% level. Sell below 0.7380. Set stop loss at 0.7446 and take profit at 0.7245.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.