Orion-Markets

AUDCAD finds support at the bottom of daily range

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD has tested horizontal and trend line support around 0.89500 and displayed bullish price action on the shorter term suggesting the trend will hold. The market remains oversold in the longer term. We expect a break of 0.89800 before an extension higher.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.