• AUDCAD approaching resistance, potential drop!

    Price is approaching our first resistance at 0.9838 (horizontal swing high resistance, 50% Fibonacci retracement, short term descending resistance line) where a strong reaction might occur below this level pushing price down to our major support at 0.9745 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching its resistance […]

  • AUDCAD approaching its resistance, potential reversal!

    AUDCAD is approaching resistance at 0.9961 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse from, causing price to fall to its support at 0.9839 (horizontal pullback support). Stochastic (55, 5, 3) is approaching resistance at 97% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. […]

  • AUDCAD testing resistance, potential drop!

    AUDCAD is testing our first resistance at 0.9717 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.9644 (horizontal pullback support, 50% Fibonacci retracement). Stochastic is also seeing a bearish divergence and is approaching resistance where a reaction off this level […]

  • AUDCAD approaching support, potential bounce!

    AUDCAD is approaching our first support at 0.9665 (horizontal overlap support) and a strong bounce might occur above this level pushing price up to our major resistance at 0.9740 (horizontal overlap resistance, 61.8% Fibonacci retracement). A breakout above our intermediate resistance at 0.9709 (horizontal overlap resistance, 23.6% Fibonacci retracement) might provide the bullish acceleration to […]

  • AUDCAD approaching major resistance, watch for a potential drop!

    AUDCAD is fast approaching major resistance at 0.9705 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support). Stochastic (89,5,3) is seeing major resistance at 91% where a corresponding reaction could occur. […]

  • AUDCAD right on pullback support!

    AUDCAD is now back to pullback support where it previously broke out from. A possible bounce could occur at this level above major support at 0.9782 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a rise towards 0.9876 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) is making a similar pullback to ascending support […]

  • AUDCAD surpasses major resistance!

    AUDCAD has finally surpassed its descending resistance-turned-support line triggering a potential bullish move from here. Our main area of support remains at 0.9782 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could push price up possibly to 0.9876 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) has surpassed our descending resistance-turned-support […]

  • AUDCAD preparing for a strong bounce

    AUDCAD is seeing major support above our 0.9782 zone (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could occur above this level to push price up to major resistance at 0.9876 (Fibonacci extension, horizontal swing high resistance). We are seeing intermediate resistance with our descending resistance line and price would need to […]

  • AUDCAD bouncing perfectly above support!

      Price has bounced off our major support level perfectly and could rise further to our major resistance area. Our major level of support still remains at 0.9782 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). Our next major level of resistance is at 0.9876 (Fibonacci extension, horizontal swing high resistance) and our next […]

  • AUDCAD approaching a strong level of support, keep an eye out!

    Price is approaching a major level of support at 0.9782 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up. Our next major level of resistance is at 0.9876 (Fibonacci extension, horizontal swing high resistance) and our next major level of support is […]