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JoeChampion
Nov 23, 2023 1:21 PM

AUDCAD Bull Flag Long

Australian Dollar/Canadian DollarFXCM

Description

Hey Traders, In today's trading session, we are monitoring AUDCAD for a buying opportunity around the 0.89300 zone. AUDCAD has formed a bull flag and currently appears to be in a correction phase, approaching the flag support at the 0.89300 support and resistance area. I would also take into consideration the bullish bias in the indices due to the positive correlation between stocks and AUDCAD pairs.
Trade safe, Joe.
Comments
GTGrowth
Great, exactly what I see!
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