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07.12.2016 03:29 PM
AUD/USD dropping perfectly from our selling area, remain bearish

Price reacted perfectly below our major resistance at 0.7500 (Fibonacci projection, horizontal resistance, Fibonacci retracement) and we expect a continued drop to at least 0.7370 (Fibonacci retracement, Fibonacci projection, horizontal swing low support).

RSI (34) remains below major 61% resistance.

Sell below 0.7500. Stop loss at 0.7557. Take profit at 0.7370.

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Dean Leo,
Analytical expert of InstaForex
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