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Short

AUDUSD approaching resistance, potential drop!

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is approaching our resistance at 0.7166 (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 0.7098 (100% Fibonacci retracement , horizontal swing low support, 61.8% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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