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AUD/USD approaching resistance, potential drop!

AUDUSD is approaching our first resistance at 0.7146 (horizontal swing high resistance, 100% Fibonacci extension , 78.6% Fibonacci retracement ) where we might see a drop to our major support at 0.70968 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ). Stochastic (34,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
by Jeff Wecker
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USD/CHF approaching resistance, potential drop!

USDCHF is approaching our first resistance at 0.9983 (horizontal pullback resistance, ascending channel's resistance, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where we might see a drop to our major support at 0.9944 (horizontal swing low support, 50% Fibonacci retracement ).Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
by Jeff Wecker
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EUR/CAD approaching resistance, potential drop!

EURCAD is approaching our first resistance at 1.5033 (horizontal overlap resistance, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong drop might occur to our major resistance at support at 1.4925 (horizontal swing low support).RSI (34) is also approaching resistance and ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
by Jeff Wecker
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USD/CAD approaching resistance, potential drop!

USDCAD is approaching our first resistance at 1.3471 (horizontal swing high resistance, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1.3362 (horizontal overlap support, 50% Fibonacci retracement , 100% Fibonacci extension ). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
by Jeff Wecker
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NZD/USD approaching support, potential bounce!

NZDUSD is approaching our first support at 0.6754 (horizontal swing low support, 78.6% fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6826 (horizontal pullback resistance, 38.2% fibonacci retracement ). Stochastic is approaching support as well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
by Jeff Wecker