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DiegoRV

AUDCAD - Idea - Key important level to watch

Australian Dollar/Canadian Dollar (FX:AUDCAD)  
DiegoRV Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Support and Resistance Trend Lines AUDCAD keylevel keyarea IDEA
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trendanalysis supportandresistance trendline audcad keylevel keyarea idea
Interesting key level and area to watch. There is an important support & resistance at 0.9875 since 90´s. In addition this area has been decision zone since early 2016. Downtrend line is active also. If it confirms below 0.9875 price could retest 0.9790 and keep going to 0.9655.

Otherwise price could retest trendline and 1.0033 (short-term range).
Comment:
0.9790 reached. Next target: 0.9655
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