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Klimex
Jan 16, 2019 2:34 AM

AUDCAD Approaching Resistance, Potential Reversal Short

Australian Dollar/Canadian DollarFXCM

Description

AUDCAD is approaching its resistance at 0.9574 (61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.9464 (38.2% Fibonacci retracement, Horizontal swing low support).

Stochastic (89, 5, 3) is testing its resistance at 98% where a potential reversal could occur.
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