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Short

AUDUSD Approaching Resistance, Potential Reversal

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is approaching its resistance at 0.7149 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance) where it may reverse down to its support at 0.7085 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal may occur.
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AUDUSD H1 Z Down. Checkout the idea detail's and update's for the complete picture.
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Overall trend is bearish as well on higher time frames, looks like good short opportunity

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