AUDCAD testing major resistance, prepare for a potential drop!
AUDCAD is testing major resistance at 0.9717 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong reaction could occur at this level to push prices down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is seeing major resistance at 91% where a corresponding reaction could occur. We’re also seeing bearish divergence vs price signalling that a reversal could be impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is seeing major resistance at 91% where a corresponding reaction could occur. We’re also seeing bearish divergence vs price signalling that a reversal could be impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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