AUDCAD broke out last week, current price action seems to be forming a higher low to then start of fresh falls, since overall momentum is quite weak on this market when looking across bigger picture. Keep watching this market for a possible shorts ahead.
Thanks for your support.
AUDCAD. AUD has not fallen against CAD while it has fallen against other currencies.
It is currently weak. We can expect a short sell 100 more pips if the 0.97 level stays unbroken.
*Let the 4H candle close and if it closes with a tick at least half the size of its body then we're good for a sell.
Possible short trade in the next few days.
First target: 0.96500
Second target: 0.95500
We might see a pullback from the first profit target to the resistance level of 0.97700.
Goodluck trading and follow me for more analysis!
AUDCAD is getting close to a reversal now.
this has now hit the resistance previously
established. waiting for the reversal to
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the AUDCAD structure on this still supports an uptrend
wait for a reversal then enter long. note the support
level and resistance i have put as guide.
SEE ALL OUR PREVIOUS ANALYSIS BELOW
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for those following me, you would have seen
i noted it was coming to this point. question
now is will the bulls push back up. i think we
will see a reversal to 0.92713
if it breaks the blue line then wait for
confirmation to sell.