FX:AUDCAD   Australian Dollar/Canadian Dollar
ok so we currently have had a large rejection from a bigger time frame looking left we broke support, support became resistance first time around, we then more recently had rejection number 2 confirming the resistance level . We have now broken the mid range zone in our larger " range" zone. Looking on the 4 hr time frame it looks that we may see a retracement up to that mid range zone testing this level of previous support again becoming now resistance. We can also attache a fib from previous swing high to swing low and that mid range zone comes in between the 382 and the 50% fib levels more so confirming we could have a few confluences for more of a selling opportunity for the 4hr trend to continue back down to at least the 94450 area. Attaching a fib extension tool we also reach a 1.618 target zone again adding more confluence's into the sell of this pair in the up coming week.


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