AUD/CAD Potential Upward Movement

AUD/CAD Long-Term Trend: Bullish

Key Resistance Levels: 0.91515, 0.91659, 0.91882

Key Support Levels: 0.91173, 0.90978, 0.90693

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a support level of 0.88122 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

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 recently broke a consolidation zone of 0.90693 and 0.90978 and has sustained above that. As of now the pair has broken a minor level of 0.91173 before continuing the momentum. 

Signal Idea:

Buy Limit Order @ 0.91318

TP @ 0.91479

Stop Loss @ 0.91148

Trade Safely 🙂