ICmarkets
Long

AUDCAD 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.
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