AUD/USD broken major support, time to start selling

The price has broken a major support level and we look to sell on the pullback to this resistance area of 0.7868 (Fibonacci retracement, overlap resistance, bearish price action, descending resistance) for a push down to at least 0.7791 support (Fibonacci extension, Elliott wave theory).

RSI (55) sees a descending resistance line keep us in our bearish bias.

Sell below 0.7868. Stop loss is at 0.7913. Take profit is at 0.7791.

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