AUDCAD approaching strong support, watch for a potential bounce!
AUDCAD is fast approaching major 1st support at 0.9783 (Fibonacci extension, Fibonacci retracement, bullish Ichimoku cloud, swing low support) where a bounce might occur pushing price all the way up to major resistance at 0.9856 (Fibonacci extension, horizontal swing high resistance).
RSI (55) sees strong ascending support continue to hold prices up nicely.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) sees strong ascending support continue to hold prices up nicely.
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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