AUD/CAD is approaching its support at 0.9529 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.9646 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.
AUD/CAD is approaching its support where we expect to see a bounce.
Buy above 0.9529. Stop loss at 0.9465. Take profit at 0.9646.
The material has been provided by InstaForex Company – www.instaforex.com
AUD/CAD is approaching its support at 0.9529 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.9646 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.
AUD/CAD is approaching its support where we expect to see a bounce.
Buy above 0.9529. Stop loss at 0.9465. Take profit at 0.9646.
The material has been provided by InstaForex Company – www.instaforex.com
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