AUDCAD approaching its resistance, potential reversal!
AUDCAD is approaching resistance at 0.9961 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse from, causing price to fall to its support at 0.9839 (horizontal pullback support).
Stochastic (55, 5, 3) is approaching resistance at 97% 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 approaching resistance at 97% 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.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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