From our previous analysis, you can see that we managed to predict the BULLISH movement made by AUDCAD and we were looking for movement till this resistance zone. This will be an update from my previous analysis so if you yet to read it do check it out. Currently, what we saw from AUDCAD is BULLISH movement trying to breakout from this resistance zone but we saw...
Price reach the major resistance level and show a pin bar. price may reverse to the support level
currently, we are seeing price still respected and playing inside a bullish trendline channel, personally, I will wait for the price react to the 0.9554 resistance level, we need a solid price rejection on the resistance level before placing any sell order. potential downside target at 0.9440 support level **Disclaimer** the content on this analysis is subject...
Price has pulled back to the trendline / resistance level, now we are looking to short
Welcome Back. Please support this idea with LIKE if you find it useful. *** It may head to the downside to retest the rising trend line, in case the trend is not broken, it will head to the upside and greater resistance will form than the previous one. *** Here is the full analysis for this pair, let me know in the comment section below if you have any...
AUD - BEARISH 1️⃣ Australia’s central bank is expected to cut interest rates to a fresh record low, reduce its three-year yield target and unleash further bond buying tomorrow in a bid to boost Australia’s post-lockdown recovery. 2️⃣ China banned imports of Australian timber from Queensland over the weekend. CAD - BULLISH 1️⃣ Canadian economy grew by 1.2% over...
AUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9410 and the downward trend line just below that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. We saw it test the 0.9347 fibbo support a few days ago and have since bounced. I remain a seller...