AUDCAD facing bearish pressure | 7th Apr 2021
Prices are facing bearish pressure from pivot which is in line with 100% Fibonacci extension and horizontal swing high resistance. Prices might push down to 1st support, which is our horizontal swing low support, in line with 127.2% Fibonacci extension and 61.8% Fibonacci retracement. If prices push up, it might take resistance from 1st resistance which is in line with 127.2% Fibonacci extension and 127.2% Fibonacci retracement. Stochastics is also facing bearish pressure from 95.6 level.
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