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AUDUSD testing major resistance, potential drop!

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Dollaro australiano / Dollaro (FX:AUDUSD)  
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FX:AUDUSD   Dollaro australiano / Dollaro
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD audusdshort audusdlong audusdforecast audusdsignal audusdsell audusddaily
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trendanalysis harmonicpatterns chartpattern audusd aud usd audusdshort audusdlong audusdforecast audusdsignal audusdsell audusddaily
AUDUSD is testing major resistance at 0.7890 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong reaction could occur from here to push prices down to 0.7775 (Fibonacci retracement, horizontal swing low support, Fibonacci extension).

Stochastic (55,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this level.

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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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