AUDCAD approaching resistance, potential drop!
AUDCAD is approaching our first resistance at 0.9484 (Horizontal swing high resistance, 100% fibonacci extension) and a strong drop might occur pushing price down to our major support at 0.9367 (horizontal pullback support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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