AUD/CAD potential bullish rise?Price has just bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially rise from this level to our take profit.
Entry: 0.88987
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.88491
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 0.89779
Why we like it:
There is a pullback resistance level
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