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FX.co ★ AUD/CAD Approaching Support, Prepare For A Bounce

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Forex Analysis:::2018-12-10T07:47:37

AUD/CAD Approaching Support, Prepare For A Bounce

AUD/CAD is approaching its support at 0.9529 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.9646 (50% Fibonacci retracement, horizontal pullback resistance).

Stochastic (55, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.

AUD/CAD is approaching its support where we expect to see a bounce.

Buy above 0.9529. Stop loss at 0.9465. Take profit at 0.9646.

AUD/CAD Approaching Support, Prepare For A Bounce

Analyst InstaForex
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