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Hari_krishnan_S_Kumar

AUD CAD may rally towards 0.97500; Major Support was respected

Long
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
Hari_krishnan_S_Kumar Updated   
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Support and Resistance Supply and Demand Trend Lines
7
0
supportandresistance supplyanddemand trendline
AUD CAD broke a major key level @ 0.95000 on 21-07-2020. This level has been re-tested on friday. So we came to a conclusion that the price can test the next major resistance @ 0.97500. The trendline was also respected. We can expect the bulls taking charge of this pair next week.
Trade active:
We recommend a buy position with a stoploss below the trendline.
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