AUDCAD below major resistance, potential for a strong drop!
AUDCAD is seeing major resistance below 0.9702 (Fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong reaction could occur at that level to push prices all the way down to major support at 0.9627 (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (55,5,3) is seeing major resistance at 93% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is seeing major resistance at 93% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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