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CHFJPY approaching resistance, potential drop!

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Dollar Australia / Dollar AS (FX:AUDUSD)  
Tickmill Broker  
FX:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD audusdlong audusdshort Forex forextrading forexsignal
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CHFJPY is approaching our first resistance at 0.7149 61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 0.7065 (23.6% fibonacci retracement, horizontal pullback support).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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