Trade Alert
Finally there are some signs of strength coming into Aussie. AUDCAD broke the downside resistance drawn from peak of the 22nd of June, which continued to hold down the rate.
Certainly, we will continue monitoring today's daily candle and see where it closes. If it will remain above 0.9365 today, then there is a good chance we could see this pair traveling further up.
The alternative scenario here would be if we see AUDJPY shifting back below the downside resistance line and closing below the 0.9270 level. This is where the bears could wake up up step in again.
Please review the levels on the chart.
Don't forget your SL.
Finally there are some signs of strength coming into Aussie. AUDCAD broke the downside resistance drawn from peak of the 22nd of June, which continued to hold down the rate.
Certainly, we will continue monitoring today's daily candle and see where it closes. If it will remain above 0.9365 today, then there is a good chance we could see this pair traveling further up.
The alternative scenario here would be if we see AUDJPY shifting back below the downside resistance line and closing below the 0.9270 level. This is where the bears could wake up up step in again.
Please review the levels on the chart.
Don't forget your SL.