AUD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.9010, 0.9068, 0.9132
Key Support Levels: 0.8926, 0.8876, 0.8826
The price on the higher time frame has recently reversed the direction after having a bearish run. The pair has found support at the 0.8763 area and has formed a rejection wick. It has broken a resistance level of 0.8881 which indicates a bullish bias.
AUD/CAD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price recently broke a resistance level of 0.8876 after finding support at the 0.8826 level. It has now broken and retested the 0.8926 level.
Buy Stop Order @ 0.8957
TP 1 @ 0.9004
TP 2 @ 0.9098
Stop Loss @ 0.8910
Trade Safely 🙂