CADCHF approaching resistance, potential drop!

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CADCHF is approaching our first resistance at 0.7401 (horizontal pullback resistance, 100%, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.7251 (horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
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