NZDCAD Reversed Off Resistance, Prepare For Further Drop

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NZDCAD reversed off its resistance at 0.9119 (100% Fibonacci extension ,61.8% Fibonacci retracement , horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 0.0.8984 (61.8% Fibonacci retracement ,61.8% Fibonacci extension ).

Stochastic (55,5,3) is also reversing off its resistance and we might see a corresponding drop in price should it react off this level.

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