AUD/USD approaching resistance, potential reversal coming!

Price is approaching our first resistance where we might see a corresponding drop in price.

Entry : 0.6934

Why it's good : 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance

Stop Loss : 0.6969

Why it's good : 50% Fibonacci retracement, horizontal pullback resistance

Take Profit : 0.6902

Why it's good : Horizontal pullback support, 50% Fibonacci retracement