AUDCAD Approaching Resistance, Potential Reversal
AUDCAD is approaching resistance at 0.9576 (61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.9509 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
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