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MMFXSignals
Aug 13, 2021 1:07 PM

AUDCAD ANALYSIS  Long

Australian Dollar/Canadian DollarFXCM

Description

Pair rejected from 78.6% Fibonacci level at 0.9180
Price broke corrective downtrend
MACD shows the start of bullish momentum
RSI is above level 50
we r waiting for price to exceed the next resistance level at 0.9230 to open long trade
It's expected to target the supply zone at level 0.9310
Comments
Mihai_Iacob
Nice and clear creation
humorousLeopar61109
Should I open the position at 0.9232 ?
MMFXSignals
@humorousLeopar61109, right after breaking the resistance level
MMBTtrader
valid breakout
MMFXSignals
@MMBTtrader, thnx mate
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