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ICmarkets
Mar 14, 2019 2:05 AM

AUDCAD Approaching Support, Potential Bounce! Long

Australian Dollar/Canadian DollarFXCM

Description

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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Johanes
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