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Australian Dollar/Canadian Dollar
Short

AUDCAD Approaching Resistance, Potential Reversal

By ICmarkets
Broker
AUDCAD is approaching its resistance at 0.9537 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) where it may reverse down to its support at 0.9407 (50% Fibonacci retracement).
RSI (21) is approaching its resistance where a corresponding reversal may occur.
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ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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