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AUD/CAD Potential Upward Movement

AUD/CAD Long-Term Trend: Bullish

Key Resistance Levels: 0.9242, 0.9289, 0.9334

Key Support Levels: 0.9172, 0.9128, 0.9098

Daily Chart:

The price on the higher time frame has reversed the direction after it found support around 0.8752 level. The pair then consolidated for some time in a range and the upper range has been broken. A resistance level of 0.9117 has also been broken which indicates bullish bias.

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 consolidation zone of 0.9030 and 0.9128 and has sustained above that. The pair has now broken and retested a minor level of 0.9172 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.9196

TP 1 @ 0.9234

TP 2 @ 0.9291

Stop Loss @ 0.9158

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

One comment

  1. What is the minimum deposit for the EA

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