moemia
Short

CAD Overnight rates remain. AUD Consolidates back to 0.978 area

FX:AUDCAD   Australian Dollar/Canadian Dollar
4 months ago
Pair may continue its correctional C wave. CAD seems to be regaining strength.
4 months ago
Comment: BOC keeps Overnight Rate the same (0.5%) BOC assures that current monetary policy is appropriate, thus consolidating AUD while CAD regains its strength. Technicals suggest that the pair is exhausted, bounced of major trend with a Double top. Also broken HS pattern while
On the C wave during an Elliot Wave consolidation phase.

SL just above intraday support and SMA 21 aided with ATR.
TP potentially around the High close of Wave 1. Conservative TP at the spike of Wave 1.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out