Our team have identified that institutional money is flowing into this pair with a BULLISH momentum.
Our team has spotted that:
-Institutions are manipulating price both to the downside and upside in the region of 1.57811
-This has caused the retail trader to trade in both directions and getting stopped out with heavy losses.
-This has also caused the advanced...
aud/cad was in a bearish channel while testing resistance as well. Hoping price will go lower.
Price has already broke the ascending trendline and ma's have crossed over in the 4hr/1hr timeframe so get ready to start placing trades.
On the eur/aud, I see bullish momentum followed up by retracement levels between 0.5 and 0.618 which indicates great pullback. Price seems to respect the support zone and does retest it as well so I'm hoping for a clean retest with the price moving higher.