The counter has crossed two critical levels.
One- the major support level of 0.89550 and the other is the critical resistance level of 0.89960.
Now the broken levels can cushion the price action and push the price to higher levels.
AUDCAD has formed a Broadening Rising Wedge pattern on a daily basis. At the moment, the price are just above the lower trendline. The prices are expected to rise with the pair reaching 0.90251 initially and then 0.90675. On the other hand, first support is at 0.89212 and then at 0.88915.
We are doing AUDCAD Analysis in Daily Time frame
AUDCAD right Following Down Channel pattern You can try to Buy After Break of the Channel pattern you can But Take profit on previous High point and Stop area below the previous low.
We need to wait for a breakout then think to buy and use Take profit and Stop loss.
Note: This is only for Educational Purpose...
as its last day of this week and world is not interested on this pair, not really that much money flow but i am willing to take this risk
this trade is not that good like my nzdusd and eurusd.
we can see clearly watch that this level (around 0.975554) reacted before it look like if market will push again mybe it will touch the top and come down again to form a...