AUDUSD is approaching its resistance at 0.7119(100%Fibonacci extension, horizontal pullback resistance, 61.8% Fibonacci retracement) where it is expected to reverse down to its support at 0.7061 ( 50% Fibonacci retracement,100% Fibonacci extension). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.