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AUDCHF approaching resistance, potential drop!

Short
Australian Dollar / Swiss Franc (FX:AUDCHF)  
Tickmill Broker  
FX:AUDCHF   Australian Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns aud AUDCHF audchflong audchfshort Forex forextraidng forexsignal
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trendanalysis harmonicpatterns chartpattern aud audchf audchflong audchfshort forex forextraidng forexsignal
AUDCHF is approaching our first resistance at 0.7105 (horizontal overlap resistance, 76.4%, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.778 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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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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