Get started
easyMarkets

AUDCAD approaching strong support, watch for a potential bounce!

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
easyMarkets Broker  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDCAD aud CAD Forex forexsignals EUR GBP jpy dollar
55
0
trendanalysis harmonicpatterns chartpattern audcad aud cad forex forexsignals eur gbp jpy dollar
AUDCAD is fast approaching major 1st support at 0.9783 (Fibonacci extension, Fibonacci retracement, bullish Ichimoku cloud, swing low support) where a bounce might occur pushing price all the way up to major resistance at 0.9856 (Fibonacci extension, horizontal swing high resistance).
RSI (55) sees strong ascending support continue to hold prices up nicely.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : www.easymarkets.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.