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JoeChampion
Mar 6, 2024 10:16 AM

AUDCAD Breakout and Potential retrace Long

AUD/CADOANDA

Description

Hey Traders, In today’s trading session we are monitoring AUDCAD for a buying opportunity around 0.88500 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.88500 support and resistance zone.
Comments
ntiketso95
Looking at the candle sticks buyers are ruling the market and is must take a short break(breath a bit) then continues to buy until further notice.. let's make money.thanks a million times for these analysis
JoeChampion
@ntiketso95, It's flying now, this trade ain't about technicals
JoeChampion
@ntiketso95, it's all about the inflation that is easing in Canada!
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