Shouldn't be hard.
There is a "fill" plug on the driver's side of the transmission.
There is a "drain" plug on the same side, but closer to the end of the transmission and lower on the case. Jack up the pass side of the car up a little more than the driver's side.
Open up the drain plug, I think it's a 1-1/6" socket. You should drain about 3.5quarts of fluid out.
I think that Ford recommends that Mercon III is used in the transmission.
Guys here have tried, Mercon V , Mobil One ATF, Mobil One Manual trans fluid, Straight weight 30w motor oil, Redline synthetic, B+M trick shift etc etc etc.
I would check into the redline stuff. Royal Purple is like redline, aftermarket high performance synthetic to get the most power out of something. It should work fine, but note difference in shifting quality.
Rear diff, you have to pull the diff plug and drain the stuff out. Put in 75w-90 gear lube and friction modifier, unless you are running a synthetic lube like redline with a modifier already added.