AUDCHF approaching resistance, potential drop!

FX:AUDCHF   Australian Dollar / Swiss Franc
AUDCHF is approaching our first resistance at 0.7235 (horizontal overlap resistance, 38.2% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 0.7165 (horizontal swing low support, 38.2% Fibonacci retracement ).
Stochastics (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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