AUDCAD approaching resistance, potential drop!

31 ביולי 2018

AUDCAD is approaching our first resistance at 0.97072 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension) where price might potentially drop to our major support at 0.9633 (horizontal swing low support, 78.6% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price.
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