AUDUSD approaching resistance, potential drop!

AUDUSD is approaching our first resistance at0.7117 (Horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 0.7082 (61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (21, 5, 3) is approaching its resistance where a corresponding reversal is expected.
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