AUDCAD approaching a strong level of support, keep an eye out!

2017년 12월 21일

Price is approaching a major level of support at 0.9782 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up. Our next major level of resistance is at 0.9876 (Fibonacci extension, horizontal swing high resistance) and our next major level of support is at 0.9742 (Fibonacci retracement, breakout level).

Stochastic (34,5,3) is seeing strong support above 1.7% where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.