AUDUSD approaching resistance, potential drop!

AUDUSD is approaching our first resistance at 0.7238 (horizontal overlap resistance, 50%, 38.2% fibonacci retracement, 61.8%, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.6966 (100% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where we might see a corresonding drop in price.
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