AUDJPY Approaching Resistance, Prepare For A Reversal
AUDCAD is approaching its resistance at 75.34 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 74.97(horizontal swing low support).
Ichimoku cloud is showing bearish cloud where a corresponding reversal is expected Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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