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AUDUSD approaching resistance, potential drop!

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Dollar Australia / Dollar AS (FX:AUDUSD)  
easyMarkets Broker  
FX:AUDUSD   Dollar Australia / Dollar AS
Harmonic Patterns Trend Analysis Chart Patterns AUDUSD audusdlong audusdshort Forex forextrading forexsignals
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harmonicpatterns trendanalysis chartpattern audusd audusdlong audusdshort forex forextrading forexsignals
AUDUSD is approaching our first resistance at 0.7154 (horizontal overlap resistance, 50% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.7030 (horizontal swing low support).
RSI (55) is also approaching resistance and we might see a corresonding drop in price.
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