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

The AUD/CAD pair is approaching resistance at 0.9576 (61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.9509 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support).

Stochastic (89, 5, 3) is nearing its resistance at 98% where a corresponding reversal is anticipated.

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

Sell below 0.9576. Stop loss at 0.9632. Take profit at 0.9509.