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Klimex
Apr 10, 2019 1:23 AM

AUDCAD Approaching Support, Prepare For A Bounce  Long

Australian Dollar/Canadian DollarFXCM

Description


AUDCAD is approaching its support at 0.9481 (61.8% Fibonacci extension ,horizontal swing low support, 50% Fibonacci retracement) where it could potentially bounce to its resistance at 0.9511(50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (34, 5, 3) is approaching its support at 6% where a corresponding bounce could occur.

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