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AUDCAD approaching support, potential bounce!

Short
Australischer Dollar/Kanadischer Dollar (FX:AUDCAD)  
Tickmill Broker  
FX:AUDCAD   Australischer Dollar/Kanadischer Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDCAD aud CAD audcadlong audcadshort Forex forextrading forexsignal
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trendanalysis harmonicpatterns chartpattern audcad aud cad audcadlong audcadshort forex forextrading forexsignal
AUDCAD is approaching our first support at 0.9629 (horizontal swing low support, 32.8% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.9726 (100%, 61.8% fibonacci extension, 76.4% fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
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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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