ForexCryptoA

AUDCAD Weekly Forex Forecast 1st October to 6th October

OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Midterm forecast:

The current trend is downtrend but the forecast is beginning of uptrend.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 39.
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