Technical analysis of AUD/USD for November 25, 2016

The price is right at our selling area again. We remain bearish below the 0.7419 resistance (Fibonacci retracement, horizontal pullback resistance) for a further push down to 0.7311.

The RSI (34) has made a pullback to previous support and has reacted well off it.

Sell below 0.7419. Stop loss at 0.7516. Take profit at 0.7311.

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The material has been provided by InstaForex Company – www.instaforex.com

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