AUDUSD Facing bearish pressure | 12 July 2021

AUDUSD is reacting below key 61.8% Fibonacci retracement at 0.74855 where we can expect to see price face further bearish pressure and push lower towards our take profit and graphical swing low support level at 0.74099 where we also have 61.8% Fibonacci extension level. Stochastic indicator is also reacting below resistance where price pulled lower in the past.

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