AUDUSD approaching resistance, potential drop!

AUDUSD is approaching our first resistance at 0.7293 (horizontal swing high resistance, 100% fibonacci extension, 23.6% fibonacci retracement, descending channel resistance) where a strong drop might occur pushing price down to our major support at 0.7152 (horizontal pullback support, 100% fibonacci extension, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresonding drop in price.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.