ForecastCity

💡Don't miss the great buy opportunity in AUDCAD

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.93150).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51

Take Profits:
TP1= @ 0.93470
TP2= @ 0.93765
TP3= @ 0.93937
TP4= @ 0.94095
TP5= @ 0.94306

SL= Break below S2

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Comments

Very cool view, thanks for sharing
+1 Reply
@Lizabet, It's our pleasure! Thank you for your comment.
Reply