AUDCAD: Falling Towards Horizontal support

23 בפבר׳

It appears that the price is converging towards the horizontal support zone, coinciding with the 38.2% Fibonacci retracement, suggesting a potential bounce. Notably, there's an upward trendline support, hinting at a bullish sentiment. A bounce off the pivot could drive the price upwards, targeting the 1st resistance, which also serves as a pullback resistance.