- FXOPEN:AUDCAD faced the supply near the 0.88170-0.87990. -Per the supply /deemand rule need to test multiple support lines again to cross the supply zone. -If the price closed below the MSL, there is a chance to test the previous swing low. -Recommended that wait for a long near MSL and SL should be 0.87139, and TP is the supply zone. -If long scenarios do not...
AUDCAD is quite bearish! Potential down move can be seen next week once the market is open. Enter on intraday timeframe. ALL THE BEST!
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.9305). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which...
Down Trend for AUD/CAD (May 7, 2021)