AUDUSD testing major resistance, potential drop!

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AUDUSD is testing major resistance at 0.7890 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong reaction could occur from here to push prices down to 0.7775 (Fibonacci retracement, horizontal swing low support, Fibonacci extension).

Stochastic (55,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this level.

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