Get started
EireTrade-Capital-Management

AUD/CAD Resistance

Australian Dollar/Canadian Dollar (FOREXCOM:AUDCAD)  
EireTrade-Capital-Management Updated   
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns aud-cad audcadsetup resistance_level Forex forexsignals forextradingzones forexanalysis forexnews
4
0
trendanalysis chartpattern aud-cad audcadsetup resistance_level forex forexsignals forextradingzones forexanalysis forexnews
AUSSIE CAD is coming up to strong monthly resistance. Good area to look for an entry long or short. The bias is to the upside as its in an uptrend but will wait for confirmation.
note*
Canadian GDP MM and Yearly Earnings YY and raw materials figures released tomorrow, might make the situation slightly choppier so will stick to the higher time frames.
Comment:
Met resistance at the monthly R1 pivot point and is currently breaking down down through the rising channel beginning March 19th on the daily chart. a break below 0.90000 will signal a short opportunity for me, with a stop loss above the most recent high, and targeting the March 19th low.
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.