AUDCAD Approaching Resistance, Prepare For A Reversal

AUDCAD is approaching its resistance at 0.9364 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.9328(23.6% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected

Tickmill

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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