AUDUSD approaching resistance, potential drop!
AUDUSD is testing our first resistance at 0.7576 (horizontal overlap resistance, 61.8% Fibonacci retracement) and price might potentially drop to our first support at 0.7489 (horizontal swing low support, 100% Fibonacci retracement, 61.8%, 76.4% Fibonacci retracement).
RSI (89) is also approaching resistance and a reaction off this level might be a good precursor for a potential drop in price.
RSI (89) is also approaching resistance and a reaction off this level might be a good precursor for a potential drop in price.
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