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velmunis

AUDCAD is approaching midpoint bullish run expected

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
velmunis Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Fundamental Analysis AUDCAD audcadlong audcadanalysis audcadsetup audcadforecast audcadsignal
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trendanalysis fundamental audcad audcadlong audcadanalysis audcadsetup audcadforecast audcadsignal
AUDCAD is falling towards midlevel 50% Fibonacci level, AUD weakness after the RBA interest rate hike with dovish statement which led to the downfall in AUDCAD and yesterday USD strength is also a another factor for the downward correction in AUDCAD. If risk trades getting traction this pair will bounce from .87450 level the possible upper side target will be .89000. Stop lose may set below the .87000 level will give us 3.88 Risk reward ratio. Happy trading
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Still we are expecting that the price will reach the midpoint

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