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AUDUSD testing strong resistance, prepare for a potential drop!

AUDUSD is testing major resistance at 0.7934 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7890 support (Fibonacci extension, horizontal overlap support).

Stochastic (21,5,3) is seeing major resistance at 93% where a corresponding reaction could occur.

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Losses can exceed the initial investment so please ensure you fully understand the risks.

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