AUDUSD approaching resistance, potential drop!

AUDUSD is testing our first resistance at 0.7094 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.7045 (horizontal swing low support).
Stochastic (55,5,3) is approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.