AUD/CAD Potential Upward Movement

AUD/CAD Long-Term Trend: Bullish

Key Resistance Levels: 0.89587, 0.89925, 0.90221

Key Support Levels: 0.89081, 0.88752, 0.87868

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It tested a support level of 0.87868 and bounced back. The pair has also broken a few resistance levels which suggests further trend continuation.

AUD/CAD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a trendline recently to shift the short term trend to bullish. As of now the pair has broken and retested a minor level of 0.89081 before continuing the momentum.

Signal Idea:

Buy Market Order @ 0.89379

TP @ 0.89712

Stop Loss @ 0.89041

Trade Safely 🙂

This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.

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