FX.co ★ AUD/CAD Testing Major Support, Look For The Bounce

AUD/CAD is testing major support at 0.9737 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push prices all the way up to major resistance at 0.9809 (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong support above 5.8% where a corresponding bounce could occur.

Buy above 0.9737. Stop loss at 0.9698. Take profit at 0.9809.

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