Pepperstone
Long

Approaching Support, Potential Bounce!

FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD is approaching its support at 0.9394 (61.8% & 61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 0.9440 (50% Fibonacci retracement , horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.73% where a corresponding bounce could occur.
Comment: Disclaimer.
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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Disclaimer.
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment.
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