AUD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.9210, 0.9269, 0.9336
Key Support Levels: 0.9110, 0.9069, 0.9023
The price on the higher time frame has recently reversed the direction after it found support at the 0.8752 level. The pair has broken a resistance level of 0.9117 with good momentum after consolidating for some time 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. It broke a consolidation zone of 0.8981 and 0.9023 and sustained above that. The pair has now broken and retested a minor level of 0.9110 before continuing the momentum.
Buy Limit Order @ 0.9145
TP 1 @ 0.9198
TP 2 @ 0.9278
Stop Loss @ 0.9092
Trade Safely 🙂