AUDCAD testing strong resistance, potential for a reversal!

AUDCAD is testing strong resistance at 0.9897 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9762 (Fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.

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