AUDCAD - BROKEN CHANNEL📉Hey Traders👋🏻
The AUDCAD Price Reached a Major Resistance Level (0.91064 - 0.90637) and Formed an Ascending Channel✔
Currently, The Price Reject To Create New Higher High, The Last Higher Low is Broken (Break of Structure)
Moreover, The Support Line of The Channel is Broken!
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.88315🎯
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AUDCAD
AUDCAD at daily horizontal support... The RBA are likely to continue raising rates, more so than the BOC. The real fundamental bias is based on the economic data, though - Australia has released much more attractive economic figures than Canada. In fact, the AUD is a clear buy for me, if and when the price action agrees.
We could see price reverse from the current support at 0.8815. If not, the next key levels are 0.8750 and 0.8600...
AUDCAD Looking to go shortThis pair broke below the significant s/r zone around 0.9000 and is now pulling back towards it.
I am looking for signs of a bearish continuation in that area.
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AUDCAD: Trading Plan For Today 🇦🇺🇨🇦
AUDCAD is approaching a key horizontal daily support.
Testing that the price formed a double bottom formation on 1H time frame.
0.9 - 0.9002 is its neckline.
If the price breaks and closes above that on an hourly,
I will expect a bullish continuation.
Goals will be 0.9023 / 0.904
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AUDCAD Trend Breakout on the Hourly timeframeAUDCAD has recently signaled a bearish breakout within its previously bullish trend. This breakout suggests that there might be a retracement towards a specific zone, which is located near the 38% to 50% levels on the Fibonacci retracements. A potentially profitable short trade opportunity could arise, offering a potential gain of 50-100 pips.
AUD/CAD Bullish ideaHello Traders
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✅AUD_CAD BEARISH BIAS|SHORT🔥
✅A Retest of the strong resistance level of 0.912 by AUD_CAD
Has happened after trading in a local uptrend from some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 0.904
SHORT🔥
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AUDCAD Potential UpsidesHey Traders, We are closely observing AUDCAD in tomorrow's trading session for a potential buying opportunity within the 0.90300 zone. AUDCAD is currently trading within an ascending channel and appears to be approaching the channel's support near the 0.90300 supply and demand area.
Trade safe, Joe.