AUDCAD approaching support, potential bounce!

12 בפבר׳ 2019

AUDCAD is approaching our first support at 0.9364 (horizontal pullback support, 61.8%, 100% Fibonacci extension, 61.8%, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.9444 (horizontal overlap resistance, 38.2% fiboancci retracement).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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