Wednesday, November 13, 2013

131114 AUDCAD

 
On the 11/11/13, I thought that AUDCAD is near support + 38.2 retracement.


AUDCAD bounced off the 38.2, now challenging overhead resistance. If broken the next will be channel resistance at 0.9870. 0.9830 is the horizontal resistance of previous support. See blue box.

Also lines up with a 50% and 61.8 retracement.

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