As you can see, AUDCAD has reached the resistance point. On the first trading day, it can cross the orange dotted line and take a downward direction again. My guess is that he will not be able to break through that point as it did before and will go down to the blue line. The blue line is the 0.786 point from the trend-based fibonacci extension levels.
In the image, the period of the graph is 1 day. The 1-hour chart has reached the resistance point. It will likely drop around 2% to another Fibonacci support point. It is not investment advice.
The price levels, which are currently 3.81, may fall further because it has broken the blue dotted line. If prices fall 12% lower and fall to the $3.2 levels (Yellow dotted line) and rise up from there, that is, if it makes a bottom again at this level, there may be a new rise. Because the RSI was 35 at the level when the price was $3.2, and it's 36 now, and it...
