AUD/CAD presently mark: 0.9816
Forecast: hold
H4 Key points:
Top Resistance: 0.98820
1st support: 0.97800
2nd support: Fibonacci Retracement (61.8%)
Floor: 0.96500
Stochastic: on upside path
Of course we should buy on first support and sell on top resistance and wait for the right signals to do it. At this right moment we are at the middle of the Consolidation area and Stochastic is telling us to hold our positions until the perfect moment.
Forecast: hold
H4 Key points:
Top Resistance: 0.98820
1st support: 0.97800
2nd support: Fibonacci Retracement (61.8%)
Floor: 0.96500
Stochastic: on upside path
Of course we should buy on first support and sell on top resistance and wait for the right signals to do it. At this right moment we are at the middle of the Consolidation area and Stochastic is telling us to hold our positions until the perfect moment.