EURCAD approaching resistance, potential drop!

EURCAD is approaching our first resistance at 1.5178 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.4813 (horizontal swing low support, 100% Fibonacci extension)
Stochastic (89,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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