AUD/CAD:SELL From Resistance Area 50% FIBO Stoch Overb.DIV SHORT
Updated
AUD/CAD is still in a downtrend, in the last sessions the price recovered some value, just looking at the bullish impulse had in the last two days and now, the price reached the FIBO area of 50% where there is a strong resistance area. The price in this area, inside the range of 50% and 61.8% Fibo may find a right turn point to come back in the direction of the main trend. The stochastic shows an overbought condition with divergence and our idea is about a new Push down in the direction of the main trend.
Note
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