AUDCHF approaching resistance, potential drop!

٢٠ فبراير ٢٠١٩

AUDCHF is approaching our first resistance at 0.7186 (Horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 0.7160 (Horizontal swing low support, 38.2% Fiboancci retracement).
Stochastic (55, 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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