Get started
JFD_Research

AUDCAD - 240 - Wait for the exit

Australian Dollar/Canadian Dollar (FX_IDC:AUDCAD)  
JFD_Research Updated   
FX_IDC:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns
5
0
trendanalysis chartpattern
Quick idea.

After finding some decent support near the 0.8896 hurdle, AUDCAD moved back up, closer to the 200 EMA on the 4-hour chart. The rate is currently getting a hold-up around there. We need a clear break through one of the highlighted areas first, before we could examine a further directional move.

Please see the chart for details.

Don't forget your stop-loss.
Comment:
Please join our daily live quick technical market overview webinars - Trader’s Espresso and Trader’s Tea Time - on JFD Bank YouTube and Facebook pages.
Trader’s Espresso – 07:00 GMT
Trader’s Tea Time – 14:15 GMT
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.