ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor AUD/CAD Long-Term Trend: Bearish
Key Resistance Levels: 0.99305, 0.99518, 0.99892
Key Support Levels: 0.99775, 0.98585, 0.98496
4-Hr. Chart:
The price on the higher time frame has recently shifted to downtrend after it tested a resistance level of 0.99518 and reversed the direction. The pair has now retested a strong supply zone, which suggests further trend continuation.
AUD/CAD Medium-Term Trend: Bearish
15-Minute Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It has shown pullback to the marked resistace area. As of now the pair has reacted and broken the minor bullish structure before continuing the momentum.
Signal Idea:
Sell Limit Order @ 0.99082
TP @ 0.98802
Stop Loss @ 0.99363
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