AUDCAD-convergence divergence setup near 0.95 Long
Australian Dollar/Canadian DollarFXCM
Description
⋅ The AUD considered wead but i can not ignore this technical setup. A convergence divergence on H4 and H1 combination.
Looking at H4 chart we have a first convergence after a clear downtrend:
Here on H1 chart we have a strong divergence on MACD. We have also the 0.7860 fib retracement and the 0.95 level near the price.
Best regards