JFD_Research

AUDCAD - 240 - Could be interesting

FX_IDC:AUDCAD   Australian Dollar/Canadian Dollar
Quick idea.

AUDCAD is at its key support area, near the 0.8888 hurdle. We already saw a few false breakouts below that level, but we would like to see at leas a 4-hour close below it before examining a further directional move.

Please see the chart for levels, targets and the alternative scenario.

Don't forget your stop-loss.
Comment:
Please join our daily live quick technical market overview webinars - Trader’s Espresso and Trader’s Tea Time - on JFD Bank YouTube and Facebook pages.
Trader’s Espresso – 07:00 GMT
Trader’s Tea Time – 14:15 GMT
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.