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AUDCAD approaching major resistance, watch for a potential drop!

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
Tickmill Broker  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDCAD audcadshort audcadlong audcadsetup audcadforecast audcadanalysis audcadsell audcad30min audcadbuy
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trendanalysis harmonicpatterns chartpattern audcad audcadshort audcadlong audcadsetup audcadforecast audcadanalysis audcadsell audcad30min audcadbuy
AUDCAD is fast approaching major resistance at 0.9705 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support).
Stochastic (89,5,3) is seeing major resistance at 91% where a corresponding reaction could occur.
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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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