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AUDCAD approaching resistance, potential drop!

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
easyMarkets Broker  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDCAD audcadlong audcadshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern audcad audcadlong audcadshort forex forextrading forexsignals
AUDCAD is approaching our first resistance at 0.9616 (horizontal swing high resistance, 78.6% Fibonacci retracement , 61.8%, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 0.9533 (76.4% Fibonacci retracement, horizontal overlap support, 100% Fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
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