Get started
easyMarkets

AUDCAD approaching support, potential bounce!

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
easyMarkets Broker  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Harmonic Patterns Chart Patterns Trend Analysis AUDCAD aud CAD audcadllong audcadshort Forex forextrading forexsignals
40
0
harmonicpatterns chartpattern trendanalysis audcad aud cad audcadllong audcadshort forex forextrading forexsignals
AUDCAD is approaching our first support at 0.9485 (horizontal overlap support, 38.2% fibonacci retracement, 61.8%, 100% fibonacci extension) where a strong bounce to our major resistance at 0.9524 (horizontal overlap resistance, 50% fibonacci retracement) might occur.
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.


Come join us today at : www.easymarkets.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.