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CHFAUD approaching resistance, potential drop!

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SWISS FRANC / AUSTRALIAN DOLLAR (FX_IDC:CHFAUD)  
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FX_IDC:CHFAUD   SWISS FRANC / AUSTRALIAN DOLLAR
Trend Analysis Harmonic Patterns Chart Patterns CHFAUD chfaudlong chfaudshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern chfaud chfaudlong chfaudshort forex forextrading forexsignals
CHFAUD is approaching our first resistance at 1.3412 (horizontal swing high resistance, 38.2%, 78.6% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 1.3204 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic is also approaching our major resistance where a reaction off this level might be a good precursor for a potential drop in price.
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