AUDCAD is Approaching Resistance, Prepare for Further Drop
AUDCAD is approaching its resistance at 0.9507(61.8% Fibonacci extension ,61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.9440(76.4% Fibonacci retracement, horizontal pullback support,61.8% Fibonacci extension).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.
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