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AUDJPY Approaching Resistance, Prepare For A Reversal

Oleh Tickmill
Broker

AUDCAD is approaching its resistance at 75.34 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 74.97(horizontal swing low support).
Ichimoku cloud is showing bearish cloud where a corresponding reversal is expected Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
audAUDJPYChart PatternsforexsignalsHarmonic PatternsjpyTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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