AUDCAD approaching resistance, potential drop!

2019年1月31日

AUDCAD is approaching our first resistance at 0.9550 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.9526 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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