AUDUSD right on resistance!

Price is now testing major resistance at 0.7742 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7552 support (Fibonacci retracement, horizontal overlap support). Our next major level of resistance is at 0.7796 (Fibonacci retracement, breakout level).

Stochastic (55,5,3) is seeing major resistance at 95% where a strong reaction could occur.

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