AUDUSD is approaching our first resistance at 0.71480 (horizontal pullback resistance, 61.8% fiboancci extension, 38.2% fiboancci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7102 (horizontal pullback support, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance 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.