AUDUSD close to resistance, turn bearish - Forex247

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Monday, September 26, 2016

AUDUSD close to resistance, turn bearish

Price is on pullback resistance at 0.7635 where we expect a reaction from for a drop to fractal support level at 0.7575 (Fibonacci retracement, Fibonacci projection, horizontal overlap support).

The RSI (21) is also making a bearish exit triggering a bearish move from here.

Sell below 0.7635. Stop loss is at 0.7685. Take profit is at 0.7575

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