AUDCAD bouncing perfectly above support!

Price has bounced off our major support level perfectly and could rise further to our major resistance area. Our major level of support still remains at 0.9782 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). Our next major level of resistance is at 0.9876 (Fibonacci extension, horizontal swing high resistance) and our next major level of support is at 0.9742 (Fibonacci retracement, breakout level).

Stochastic (34,5,3) is bouncing nicely off our 1.7% support level with good upside potential.

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