The price has dropped perfectly and reached our profit target. We remain bearish looking to sell below 0.7894 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 0.7854 support (Fibonacci extension, horizontal swing low support).
RSI (55) sees a descending resistance line holding our bearish momentum really nicely.
Sell below 0.7894. Stop loss is at 0.7921. Take profit is at 0.7854.
The material has been provided by InstaForex Company – www.instaforex.com
The post AUD/USD profit target reached perfectly, remain bearish for a further drop appeared first on fastforexprofit.com, الفوركس بالنسبة لك.