Hello fellow traders,
In this Monthly chart we are looking at Australian dollar against Canadian dollar.
On the monthly time frame it is very obvious that we are testing the previous support, which turned into resistance after the pair broke to the downside.
I think in during the next month it will be clear if we are headed to previous highs or going down due to rejection of this resistance level.
With a little patience I see a great potential trade opportunities in this pair.
Me personally, I will wait and see which way it takes us, and then trade accordingly.
Please make sure to like, follow or comment any of my ideas I really appreciate it.
Wish you all a great week, nice profits, and smart trading.
In this Monthly chart we are looking at Australian dollar against Canadian dollar.
On the monthly time frame it is very obvious that we are testing the previous support, which turned into resistance after the pair broke to the downside.
I think in during the next month it will be clear if we are headed to previous highs or going down due to rejection of this resistance level.
With a little patience I see a great potential trade opportunities in this pair.
Me personally, I will wait and see which way it takes us, and then trade accordingly.
Please make sure to like, follow or comment any of my ideas I really appreciate it.
Wish you all a great week, nice profits, and smart trading.