Hi Traders!
There is bullish momentum forming on the AUDCAD 1D chart as the pair looks to possibly retest the resistance area.
Price Action 📊
There are higher highs and higher lows above the trendline support, and a bullish momentum candle is forming to break above the 20 EMA.
Looking for a momentum break and a close above the 20 EMA for possible long entries to exit at the resistance area between 0.86668 and 0.88486
Fundamental Analysis 📰
The market's outlook on the AUD has been very positive this week, with a significant improvement in the employment situation in Australia.
Support 📉
0.86668: SUPPORT TRENDLINE
Resistance 📈
0.88198: FIRST RESISTANCE
0.88486: SECOND RESISTANCE
Risk ⚠️
No more than 2% of your capital
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀, as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
There is bullish momentum forming on the AUDCAD 1D chart as the pair looks to possibly retest the resistance area.
Price Action 📊
There are higher highs and higher lows above the trendline support, and a bullish momentum candle is forming to break above the 20 EMA.
Looking for a momentum break and a close above the 20 EMA for possible long entries to exit at the resistance area between 0.86668 and 0.88486
Fundamental Analysis 📰
The market's outlook on the AUD has been very positive this week, with a significant improvement in the employment situation in Australia.
Support 📉
0.86668: SUPPORT TRENDLINE
Resistance 📈
0.88198: FIRST RESISTANCE
0.88486: SECOND RESISTANCE
Risk ⚠️
No more than 2% of your capital
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀, as your support greatly helps.
Trade safely and responsibly.
BluetonaFX