Price is now testing major resistance at 0.7554 (Fibonacci extension, horizontal resistance) and we expect a strong reaction off this level for a drop to at least 0.7490 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing major resistance below the 93% level and we expect a drop from here.
Correlation analysis: Overall AUD weakness expected today with a drop on AUD/USD and AUD/JPY.
Sell below 0.7554. Stop loss at 0.7588. Take profit at 0.7490.
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