AUDCAD facing bullish pressure | 25 Mar 2021
Prices are facing pressure as it broke out of our descending resistance and are taking support on buy entry which coincides with 50% and 78.6% . Prices might bounce towards take profit target which coincides with 50% and 161.8% . If prices push downwards, prices might take support from stop loss level which is in lien with -27.2% an 61.8% . Stochastics is also approaching 4.51 level, possible for a bounce, in line with our analysis.