AUDUSD is approaching our first resistance at 0.7152 (horizontal pullback resistance, 100% fibonacci extension, 23.6% fiboancci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7086 (horizontal swing low support). Stocahstic (55,5,3) 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.