AUD/USD close to major resistance, good selling opportunity

Price is close to major resistance at 0.7585 (horizontal overlap resistance, Fibonacci retracement) and we expect a reaction off this level for a drop to 0.7500.

Stochastics (21,3,3) is at a major area of resistance and we expect a reaction soon.

Sell below 0.7585. Stop loss is at 0.7620. Take profit is at 0.7500.

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

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