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Orion-Markets
Nov 25, 2021 9:17 AM

AUD CAD Long Entry  Long

AUD/CADOANDA

Description

AUD CAD has just had a 0.45% sell-off towards the area of a key support zone, (0.90934). The price was previously consolidating for a period but then broken through the support level of 0.9138. This level is now the resistance zone and the target for this long entry. The RSI levels are very oversold on the 4hr chart which complies with the long entry. The support level for this trade is at the April low of 0.90203.
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