AUDUSD approaching resistance, potential drop!

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AUDUSD is approaching our first resistance at 0.7493 (horizontal overlap resistance, 61.8%, 100% fibonacci extension, 50% fibonacci retracment) which coincides with our long term descending resistance line, where a strong reaction might occur below this level, pushing price down to our major support at 0.7309 (horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement).

RSI (55) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.

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