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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 🙂

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.

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