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AUDUSD approaching resistance, potential drop!

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
easyMarkets Broker  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD audusdlong audusdshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern audusd aud usd audusdlong audusdshort forex forextrading forexsignals
AUDUSD is approaching our first resistance at 0.7110 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.70430 (50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish bias.
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