AUD/USD at major resistance, prepare to be bearish

Price is now at major resistance at 0.7500 (Fibonacci projection, horizontal resistance, Fibonacci retracement) where we expect a reaction from and a drop to at least 0.7370.

RSI (34) remains below major 61% resistance.

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

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

From www.instaforex.com http://ift.tt/2g3uiTn