FX.co ★ AUD/CAD Approaching Major Resistance, Prepare To Sell

AUD/CAD is fast approaching major resistance at 0.9839 (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 0.9750 (Fibonacci extension, horizontal swing low support).

Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.

Sell below 0.9839. Stop loss at 0.9885. Take profit at 0.9750.