FX.co ★ AUD/CAD Approaching Support, Prepare For A Bounce

AUD/CAD is approaching its support at 0.9650 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.9698 (61.8% Fibonacci retracement, horizontal swing high resistance).

Stochastic (55, 5, 3) is approaching its support at 7.9% where a corresponding bounce could occur.

AUD/CAD is approaching its support where we expect to see a bounce.

Buy above 0.9650. Stop loss at 0.9613. Take profit at 0.9698.