AUDCAD facing bullish pressure, potential for further upside!
Prices are facing bullish pressure as prices are taking support from horizontal swing low support in line with 61.8% Fibonacci retracement and 50% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension and -27.2% Fibonacci retracement. If prices push down, prices might take support on 2nd support in line with horizontal swing low support, 127.2% Fibonacci retracement and 100% Fibonacci extension. EMA is also below prices, showing a bullish pressure for prices.
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