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AUD/CAD Potential Upward Movement

AUD/CAD Long-Term Trend: Bullish

Key Resistance Levels: 0.9069, 0.9091, 0.9117

Key Support Levels: 0.8967, 0.8996, 0.9029

4-Hour Chart:

The price on the higher time frame has been in an uptrend for some time after it tested a support level of 0.89564 and reversed the direction. It has now successfully broken a level of 0.9043 which suggests bullish bias.

AUD/CAD Medium-Term Trend: Bullish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.8967 and 0.8996 and sustained above that. Recently the pair has broken and retested a minor level of 0.9029 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.9042

TP @ 0.9059

Stop Loss @ 0.9025

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.


  1. Thank you this signal.

  2. How can you post such a signal when it is obvious a bearish structure? Try to gamble to make a profit on a small pullback? I was lucky to get out of this trade on 0.90463 which was just a top of retracement before it was too late… even more, this kind of signal is lacking proper risk/reward strategy – why to risk 1 % just to gain 1% even if the trade would reach take profit? Does not make any sense.. This obviously isn’t that kind of support and resistance strategy that Patrick has been talking about for weeks lately….

    • You do not have to take a trade you do not agree with. It was a calculated bet and TP is reached.

    • This guy doesn’t know that this hit TP . Even after it hit TP it moves more further. By the way if you have doubt on trades you can skip. No one force to it. Nobody can give hundreds percent winning signal

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