AUDCAD approaching resistance, potential drop!

٢٢ يونيو ٢٠١٨

Price is approaching our first resistance at 0.9839 (horizontal overlap resistance, 50% Fibonacci retracement) where price might drop to our major support at 0.9750 (horizontal swing low support).
Stochastic (55,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price.
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