AUD/CAD approaching resistance, potential drop!

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Trading Recommendation

Entry: 0.90233

Reason for Entry: horizontal swing high resistance, 127.2% fibonacci extension and 88.6% fibonacci retracement

Take Profit : 0.88157

Reason for Take Profit: Horizontal pullback support, 38.2% fibonacci retracement and 61.8% fibonacci extension

Stop Loss: 0.91483

Reason for Stop loss: Horizontal swing high resistance

The material has been provided by InstaForex Company - www.instaforex.com