Hello Traders, welcome to the Daily Forex technical analysis
. Today is August 22nd, 2019 and we will be taking a look at the Australian Dollar
against the Canadian Dollar
. Looking at the 1 hour time frame we are looking for price action to hold at this current .897 support and resistance
area. If price action can hold this support area
we will be looking for an entry long with optimal conditions. Entry for a Long position near the .89774 area, with a Stop Loss near the .89606, and a target profit level area of .90465 to possibly ensure a profitable trade with a 4.11 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!