# AUD/CAD Major Correction (December 19, 2013) Source: https://www.tradersway.com/resources/market-info/aud-cad-major-correction-december-19-2013/ Language: en Updated: 2013-12-19 Description: Explore AUD/CAD Major Correction (December 19, 2013). AUD/CAD seems. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. AUD/CAD seems prime for a large correction on its 1-hour time frame, as the pair has found support around its recent lows around .9450. The pair could pull up to any of the Fib levels marked, particularly the 61.8% level, which is in line with a former support zone. However, a shallow retracement is also possible until the 38.2% Fib, which is also close to an area of interest. ![AUD/CAD Major Correction (December 19, 2013)] Stochastic is still pointing up, which means that there’s enough buying pressure to push for a retracement. Shorting at the 38.2% Fib with a stop above the 61.8% Fib could yield a good return on risk for a day trade. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/aud-cad-major-correction-december-19-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/aud-cad-major-correction-december-19-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/aud-cad-major-correction-december-19-2013/", "headline": "AUD/CAD Major Correction (December 19, 2013)", "inLanguage": "en", "datePublished": "2013-12-19T12:54:40+00:00", "dateModified": "2013-12-19T12:54:40+00:00", "articleSection": "Market Info", "description": "Explore AUD/CAD Major Correction (December 19, 2013). AUD/CAD seems. 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