AUDCAD below major resistance, potential for a strong drop!

661
AUDCAD is seeing major resistance below 0.9702 (Fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong reaction could occur at that level to push prices all the way down to major support at 0.9627 (Fibonacci retracement, Fibonacci extension, horizontal overlap support).

Stochastic (55,5,3) is seeing major resistance at 93% where a corresponding reaction could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.