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AUDCAD approaching resistance, potential drop!

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Dolar Australia/Dolar Kanada (FX:AUDCAD)  
easyMarkets Broker  
FX:AUDCAD   Dolar Australia/Dolar Kanada
Trend Analysis Harmonic Patterns Chart Patterns AUDCAD aud CAD audcadlong audcadshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern audcad aud cad audcadlong audcadshort forex forextrading forexsignals
AUDCAD is approaching our first resistance at 0.9433 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9282 (horizontal swing low support, 61.8% Fibonacci extension, channel support).
Stochastic (89,5,3) is also approaching resistance where ewe might see a corresponding drop in price should it react off this level.
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