AUDCAD approaching resistance, potential drop!
AUDCAD approached our first resistance at 0.9407(50% Fibonacci retracement , 61.8% Fibonacci extension , horizontal swing high resistance) where we might see a drop in price to our first support at 0.9320(100% Fibonacci extension , horizontal swing low support).
Ichimoku cloud is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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