AUDUSD is approaching our first resistance at 0.7239 (horizontal overlap resistance, 61.8% Fibonacci extension, 50%, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at (swing low support, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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