V_Anagno

Australina Dollar/Canadian Dollar in downtrend but.....

FX:AUDCAD   Australian Dollar/Canadian Dollar
0
Hello.Its obvious that we are in downtrend(since september) and we have enter the decline stage.Now the price has come in a support zone and we expect to have a rise for the next 1,5 month.This week is very important because we will see the establishment of this uptrend move which is expected to create a lower high than the previous.

I recommend to wait 2-3 days to ensure this (little) uptrend move and then to buy.
Sell when the price catch the MA(90) or when 'hit' the primary trend(red line).
Expected resistance level at the price: 0.97

Good trades!!!
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