TradingView
peakbroker
Aug 30, 2020 2:05 PM

AUD/CAD Daily Forecast (31th August) Short

Australian Dollar/Canadian DollarFXCM

Description

After a little summer hiatus, I came back with weekly analyzes. One of the best options are on the AUDCAD pair. Almost every timeframe is overbought by the RSI, and the price is dancing around a strong resistance level. A correction is expected, which provides us with excellent Risk-Reward trade.
If the 0.9636 level broke, open a short trade.

Trade closed: target reached

More