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AUDCAD approaching resistance, potential drop!

994
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.

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