FX.co ★ AUD/CAD Approaching Resistance, Prepare For A Reversal

AUD/CAD is approaching its resistance at 0.9629 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.9570 (Horizontal swing low support).

Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

AUD/CAD is approaching its resistance where we expect to see a reversal.

Sell below 0.9629. Stop loss 0.9672. Take profit at 0.9570.