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AUDCAD approaching resistance, potential drop!

Short
Australischer Dollar/Kanadischer Dollar (FX:AUDCAD)  
Tickmill Broker  
FX:AUDCAD   Australischer Dollar/Kanadischer Dollar
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 firsts resistance at 0.9471 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur below this level pushing price down to our major support at 0.9332 (100% Fibonacci extension, Elliot wave structure). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
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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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