AUDCAD is approaching our first resistance at 0.9770 (horizontal swing high resistance, 100% fiboancci extension, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9632 (100% fibonacci extension, 23.6% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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