AUDUSD is approaching our resistance at 0.7168 (horizontal swing high resistance, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.7130 (61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support). Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.