AUDNZD right at major resistance, time to start selling

Price is now on major resistance at 1.0550 (horizontal overlap resistance, Fibonacci retracement, Fibonacci projection) where we expect a reaction from and a drop to 1.0410.

Stochastics (21,3,3) is right on resistance at 93% too where we expect a similar bearish reaction.

Sell below 1.0550. Stop loss is at 1.0630. Take profit is at 1.0410

The material has been provided by InstaForex Company - www.instaforex.com

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